We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way | Olivier De Schutter and others
6d 18h ago by feddit.org/u/gandalf_der_12te in latestagecapitalism from www.theguardian.com
We live in an age of manufactured scarcity. [...] Millions of people cannot afford enough food, proper housing or basic healthcare, while a tiny minority accumulates unprecedented wealth and power. [...]
These are not separate crises. They are symptoms of an economic model that has reached the end of the road. Poverty and inequality are not accidents; they are predictable outcomes of policy choices: how we design tax systems, regulate labour markets, value care, structure public services and decide whose needs and whose voices matter. Crucially, if governments can manufacture poverty, they can also dismantle it.
We need to change the rules upstream. That means, for instance, decent work and employment guarantees, living wages and fair remuneration, stronger unions and workplace democracy, tackling discrimination and valuing the paid and unpaid care work on which our societies depend. It means investing in children, housing, health, education and transport through universal public provisioning. It means public control of strategic assets, credit guidance to steer investment towards social and ecological priorities, and support for the development of the social and solidarity economy.
Does it involve eating the rich?
Ha. They are fully aware. Why do you think they're rushing so hard to robotics and AI?
There's a better future all right, but it's for them and we're not in it.
Modern economics is a calculator for the rich instead of the social science it was intended to be.
The cost of living could be incredibly cheap if we were just allowed to live in cheaper housing. UK specifically here but housing prices are similar across most of the western world - it's illegal for me to live on my own land without permission from local government, I can put a cabin or caravan there just fine and can use it as a holiday home for a few weeks per year. But living there is illegal.
If it was easier to live there legally then the cost of living becomes less than 1 day of work a week.
yeah, also the fact that it's become impossible to just buy a small simple car. regulation and manufacturers guarantee that each car costs much more than it would have to; all to uphold profits.
I don't have, need or want a car which probably helps a fair bit. Work in the next town over and amusingly it's faster to cycle there than drive. Sure, parts of the road there are like 40-60mph limits but when a few thousand people are trying to use it you are averaging 4mph. Meanwhile I can cycle 8km in like 20-25 mins.