A two part interview with Peter Victor on no-growth economics.
Could you, tell us or describe to us, what does a post growth economy look like to you? Can you describe it? What would it look like, smell like and sound like? How would we know we were living in one? What’s the kind of vision that that conjures up in your mind of what it would be like?
I can give you some dimensions of it. This is something that requires a much broader public discussion than we’ve had to date. But the sorts of things that I would see are first of all, when we look at how our economy uses resources, and produces waste and occupies land, those numbers would be going down instead of up. So, efficiency of course offers us some possibilities there. We can and we have become somewhat more efficient in how we use our resources and we’ve produced less waste of many kinds per unit of economic output. The trouble is the growth of our economic output has gone up faster than the gains in efficiency, so it’s sort of overwhelmed them.