Sublime

We need exponentially less of the degenerative forms of capitalism and exponentially more of the increasingly resilient and regenerative forms.

Proponents of degrowth argue that economic growth is predicated on the continuous extraction of natural resources, and so infinite growth in a world in which resources are finite is, by definition, impossible. In fact, the pursuit of infinite growth is what led civilization down the path of climate change, ecological destruction, biodiversity loss,

Our main claim is that we are on the brink of a period of fundamental and irreversible change in the way that the expertise of these specialists is made available in society. Technology will be the main driver of this change. And, in the long run, we will neither need nor want professionals to work in the way that they did in the twentieth century

“The Global Economy as an Adaptive Process,” at seven pages and zero equations, is well worth a read. Holland recounts many, now familiar, difficulties in mathematical analysis of economics that assume linearity, exclusively negative feedback loops, equilibria, and so on, before proposing that the economy is best thought of as what he calls an adap

Entrepreneurs can provide collective goods by market means. Many already do so now in real world communities. Foldvary’s case studies show how the privatization of communities can result in new mechanisms for providing and financing public goods and services.35

If every one of India’s hundreds of millions of households were to live the way Americans already do—using only today’s tools—the result would be environmentally catastrophic. Spreading old ways to create wealth around the world will result in devastation, not riches. In a world of scarce resources, globalization without new technology is unsustain

Slowing down the pace of change may give us time to create enough new jobs to replace most of the losses. Yet as noted earlier, economic entrepreneurship will have to be accompanied by a revolution in education and psychology.