Economy thats based on circulation, not accumulation

Imagine your great grandchildren thriving, here in Scotland.

For this to happen, we need an economy that naturally circulates money rather than concentrating it, an economy that values people's needs ahead of corporate greed, and an economy that gives more than it takes from our life-supporting environment.

Such an economy is possible.

The CCA need to discuss and consider ‘Post-growth’, which sees Scotland operating better without the demand of constant economic growth. It proposes that widespread economic justice, social well-being and ecological regeneration are only possible when money inherently circulates through our economy. At the moment money tends to accumualate to a small number of people and major corporations and shareholders.
 

Why the contribution is important

In all its forms, the dominant economic system – capitalism - is committed to economic growth. And this seems to be the only way, given the benefits we see and what we’ve been taught. After all, growth means more goods and services sold. Growth means more jobs. Growth drives progress. The absence of growth leads to recessions, even depressions. Why would we ever want anything other than growth?

The short answer is that ongoing economic growth threatens our survival as a species.

This claim is based on two provable realities:

a) Total debt always expands in a modern capitalist system, setting us up for economic collapse.

b) Total ecological footprint always expands in a modern capitalist system, setting us up for environmental collapse.

Transitioning to a post-growth economy represents Scotland's best option in response to the threat of social and ecological collapse.

by ScottH82 on October 24, 2020 at 08:12PM

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Comments

  • Posted by Paul October 24, 2020 at 21:20

    Totally agree with this. It is essential for Scotland move past the current growth economy to be able to effectively address the climate and ecological crisis.
  • Posted by MichaelFarrell October 24, 2020 at 22:15

    I also agree with this but it is hard for an individual country to just do this on its own. This requires wider economic co-operation globally and a huge change of mindset. It's time for that though - no more mucking about.
  • Posted by MarkColyer October 25, 2020 at 21:16

    I am no economist, but from an ecologist's perspective, it is self evident that the continued pursuit of growth through the consumption of resources cannot continue indefinitely on a planet with strictly defined and limited material resources. It is clear that we need economic and political thinkers who can find away from the current 'god' of growth, who is worshiped seemingly by all political systems, not just the capitalist west.

    This however is a vast enterprise and as a previous commentator has indicated will be hard for one individual country to do. Nevertheless the process must start somewhere - so why not Scotland. Do we have the political and economic brains (and will) to grasp the ecological and thermodynamic realities of living on a finite plant and turn this into a political and economic system that genuinely is sustainable?
  • Posted by SallyK October 25, 2020 at 22:05

    I agree with the above comments and feel this must be considered by the CCA as a central concern. What is the use in considering such questions as sustainable transport (important as that is) if we neglect to tackle the really fundamental issues? If the CCA isn't enabled and encouraged to think about the underlying economic assumptions that underpin our society it will be not be equipped to come up with the solutions for our current climate crisis.
  • Posted by Eviaries October 26, 2020 at 00:34

    I fully believe that Scotland could do this on its own. If not us, then who? We have a small population, and lots of land. We can be totally self-sufficient. To be honest, we have to, and the sooner we get on with it, the better. We have so many skills, a wonderful land, creative and resourceful people. It's time to get on with it.
  • Posted by lizashburn October 26, 2020 at 09:22

    Totally agree with all of the above - Scotland can be a leader in this process, and will be more effective if we seek like-minded countries to work with internationally. They are out there; we are not alone in this process - thinking Denmark and New Zealand but there will be more.
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