Zero Growth Economy

Whoops! Discussion of the book by John Lanchester

I’m sure others who use Quakernomics are ahead of me and have already read and digested this book. I’ve just read the last chapter – title “The Bill”. I found it reassuring in one sense. It confirms what I’ve been thinking: about a broken system; enough is enough; it’s mainly the banks’ fault; and a [...]

Can anthropology shed light on the financial crisis?

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At the recent Quaker Business Conference 2010, senior Financial Times journalist Gillian Tett explained why she thought the answer to the above question is ‘yes’. Before becoming a journalist, Gillian worked as a social anthropologist in Soviet Tajikistan while studying for a PhD. One of the things anthropologists observe is what is discussed and, perhaps [...]

Developing a Quaker view on Money

Four people from Oxford and Abingdon met on Friday 19 November to discuss Money. Thanks to those on this blog who have highlighted the importance of money both in causing the problems in the current debt-based and growth-obsessed system and as a key to changing it. This summary is my interpretation of our discussion. I [...]

Why save unethical banks?

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I’m feeling angry about Ireland and the bail-out. No-one seems to be asking the banks to pay for their mess. Surely it would be better to let them fail, instead of giving them the chance to do it again. Perhaps then we’d get some banks whose ethics more nearly matched those of most of their [...]

Co-operatives and the Coalition Government

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It’s good to know that our government is interested in developing co-operatives for large organisations, including possibly the Post Office. But I’m disturbed that they seem to have public-sector services in mind – seeing co-operatives as another kind of privatisation. The private sector might need the John Lewis model more urgently. In 2007, the Co-op [...]

Values not logic

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I came across a report last week that gave me hope. It made me realise that my usual approach to trying to argue for change is the wrong one. I like to quote facts, trying to be objective and reason things out. But I now see that people generally stick with opinions that reflect their [...]

You, we, me, ethics and people-centered economics

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This story begins with an invitation from the US President offering a citizen the opportunity to serve on a committee, the one which drives the campaign for his re-election. He’s given no brief for the role, that of honorary researcher, so decides to write a white paper a “what if” describing a new economic paradigm [...]

Why is growth fundamental to capitalist economies?

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I’ve been intrigued to discover that growth is a structural necessity in our current economy, for social stability ie to avoid unemployment. Growth can sound like a good thing – particularly in the neo-classical paradigm of “more is better”.  But GDP growth is not an imperative for our leaders because it makes us better off. [...]

What is the problem with the current system?

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One question I have is how did the financial markets managed to destabilise entire economies during the credit crunch. This is important as nothing fundamental has changed as a result of the credit crunch so we are surely vulnerable to a repeat. I have tried to understand this from Tim Jackson’s SDC report “Prosperity Without [...]

No Growth/Steady State Economy

Tony Weekes feels that  a No Growth economy is a non-starter but seems in sympathy with a Steady State economy.  I suppose it depends on how these things are defined, but I regard them as more or less synonymous.  “No-growthers” do not claim that the economy should  not change , but that we should cease [...]

About this category

A zero growth economy? What would it mean for us all?

On Saturday 26th September Friends and others are meeting in Friends House in London to examine the implications of a zero growth economy on both the environment and on people, and to consider the right relationships between protecting the environment and alleviating poverty. On Friday 30th October to Sunday 1st November a limited group of Friends will also be gathering to continue this conversation and to take forward these reflections by considering practical action and developing common strategies. For more information about the events see www.quaker.org.uk/conferences-and-events

The power point presentations of three of the speakers, as well as background papers are now available at http://www.quaker.org.uk/zero-growth-economy-conference.