The WSJ (Wall Street Journal):
Fed to act on the "Economic Stall"
The idea is ...Fed prepares to act... and, the idea is that the U.S. central bankers are going to "consider unusual steps"
...if they do "avert" an economic stall, that will result in growth, or what the newspaper would call more growth, or "growth." ("G" is the solution, "S" the problem. Growth solves Stall.)
What if "growth" is no solution?
What if we are just exchanging one problem for another?
I so hate to insult the business community by rejecting there favorite concept -- "growth" -- you know -- but what if "growth" will kill us just as surely?
The point being: they want to cure "stall" with "growth" and it's going to be another problem.
Here's a short essay droplet:
For years --OK, a few centuries to be exact ----- economics has proceeded on the basis of growth. This was at one time tenable. There was plenty of space to grow into. Now the whole globe is "globalized." (Before it was a globe, but it wasn't "globalized," so I am OK with that terminology.) In other words, globalization means that the globe is "wrapped up." It's all one capitalistic globe.
And thus, the principle of growth is no longer tenable. My opinion, as above: if an economic downturn, depression or "stall" will kill us, this notion of "growth" will kill us too.
Instead of falling for the "growth" business (of course, growth in intelligence, or in sustainable practices, or environmental awareness, or even "market" activities that do not harm anyone ----- that is fine, but the very word "growth" as these people use it seems narrow, as if it is some kind of tricked language or a language ploy) maybe it is time to wake up to the fact that there have always been problems in this world, many problems; and maybe, just maybe, this is a good opportunity, a good time to take a time-out. And maybe it is a good time to take this opportunity to say, "let's address all those problems now, now that nothing else is working." We have never as a human race gotten very far with all those old problems.
Maybe it's time to try out some of those other, newfangled ideas. No? You want to stick with the growth thing?
Growth is a problem. Downturn, meltdown, stall—also a problem. If both are an equal problem, we have no answer or solution.
Those few words on the front page of the WSJ that I spied tell a story. There is a certain story here. It claims that if the problems whatever they are (the "stall") could be overcome, then those problem (whatever that is -- a feared economic downturn -- "stall," in this week's terminology) can be averted. Problem solved. Then we can grow again. They are assuming "growth" NOT to be a problem. The notion that such a resolution would comprise its own problem is exogenous -- this is totally foreign to their thinking, to the WSJ that is to say. The WSJ (and economists and commentators in general) (are) (is) so out of it that they have no grasp of the limits on growth. We are, so far, only thinking about economic "fixes" that restore growth. Clueless, yeah --- even though they were warned by Donatella Ross. That was in 1974 (The famous "limits to growth" paper that everyone rejected).
At this point the reader may ask: "then how do we solve it? What are your ideas?"
One kind of alternative thinking is that the natural world must be restored. This means "the" natural world; the natural world is also called nature.
Well, that came out kinda short. I know that. But my solution, in this instance of my thinking, is: revere nature. So, here's a summation of this kind of thinking I am doing today.
Revert to nature.
Look to nature.
How do humans solve problems in nature?
Maybe try looking at that.
How do humans live before, or outside of, capitalism? Look past capitalism, at human life as it was "meant to be," or, if "meant to be" is faulty ( unscientific reasoning), at any rate as it was for a million years—before the capitalist gesture, before the capitalist act.
If you take away all the artificial layers, that is what you get back to. Nature. What is wrong with looking to nature?
Thank capitalism for a job well-done. But don't let it be overdone. Yes overdone!—like a cooked chicken. Take the chicken out of the oven now. It is not going to ever taste any better; it is only going to get overcooked; there is no more point in leaving it in the oven—it won't get or taste any better!
Do not merely revert to the normal pattern! The Age of growth is over!
Do not just revert to "normal growth."
Whatever they call growth...
And as the "Climate and Capitalism" blog ----- my latest discovery ----- says, there ain't no other way Jose'. Well, they didn't exactly say it like that. Third way?.... what was that? ....OK, I have to go get this, for accuracy. (pause to Google stuff) It reads like this:
Ecosocialism or Barbarism: There is no third way
That's a blog I discovered recently. Google it.