21 Dec '11, 12pm

Is Capitalism Possible Without Economic Growth?

Is Capitalism Possible Without Economic Growth?

Yesterday I asked whether multinational corporations are ready to question capitalism as we know it . Readers were skeptical. And yet with every new report about the European debt crisis or a miserably slow recovery, it's getting increasingly clear that business-as-usual is not just a bad idea, but it's bloody impossible. So what comes next? No growth or steady-state economics has already gotten a lot of attention in recent times. But my eye was drawn to an interview over at Transition Culture in which Rob Hopkins talks to economist Peter Victor about his book on Managing Without Growth . Among the fascinating questions and discussion, Rob posed a rather interesting question—can we have capitalism without economic growth? Victor's response is illuminating not just in what it tells us about the viability of no growth economics, but the nature of change itself. We get so fix...

Full article: http://www.treehugger.com/economics/capitalism-possible-w...

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