The Tyranny of Growth – How Raising Our Standard of Living Destroys Our Quality of Life

In 1972 the world respected Club of Rome issued it’s report, Limits to Growth which concluded:

Conclusions

After reviewing their computer simulations, the research team came to the following conclusions:[2]: 23–24 

1. If the present growth trends in world population, industrialization, pollution, food production, and resource depletion continue unchanged, the limits to growth on this planet will be reached sometime within the next one hundred years.[c] The most probable result will be a rather sudden and uncontrollable decline in both population and industrial capacity.

2. It is possible to alter these growth trends and to establish a condition of ecological and economic stability that is sustainable far into the future. The state of global equilibrium could be designed so that the basic material needs of each person on earth are satisfied and each person has an equal opportunity to realize his individual human potential.

3. If the world's people decide to strive for this second outcome rather than the first, the sooner they begin working to attain it, the greater will be their chances of success.

— Limits to Growth, Introduction

The introduction goes on to say:

These conclusions are so far-reaching and raise so many questions for further study that we are quite frankly overwhelmed by the enormity of the job that must be done. We hope that this book will serve to interest other people, in many fields of study and in many countries of the world, to raise the space and time horizons of their concerns, and to join us in understanding and preparing for a period of great transition – the transition from growth to global equilibrium.

We can contrast this with the general societal term for economic disaster, referred to as a recession, although in reality it is more a matter of economic decline rather than disaster, but mention the word and wait for the ensuing panic.

The Canadian Encyclopedia defines recession as:

A recession is a temporary period of time when the overall economy declines; it is an expected part of the business cycle. This period usually includes declines in industrial and agricultural production, trade, incomes, stock markets, consumer spending, and levels of employment. In purely technical terms, a recession occurs when two or more successive quarters (six months) show a drop in real gross domestic product (GDP), i.e., the measure of total economic output in the economy after accounting for inflation. In this sense, recessions are broad and can be particularly painful and challenging times for a country.

It is ironic that we have a problem, unrestrained growth that we know is not just bad for the planet environmentally but also a threat to our economic system and yet we consider the solution, degrowth as the worst thing that can happen to the economy.

The middle class of western industrialized countries have been taken in by the myth of raising one’s standard of living being the be all and end all. The point of an increased standard of living is to increase one’s quality of life which is about more than just producing and consuming more stuff at the expense of the habitat we have to live in. Indeed this myth is used to promote an anti-taxation theology that leads to the under-funding of the very things that increase a society’s quality of life, health care, education, social safety nets and environmental protection among others.

Yes a certain level of income is necessary for a good quality of life and this can be provided by raising minimum wages to a living wage and providing a guaranteed annual income (universal basic income) for everyone.

The problem is that we measuring the wrong things when we want to measure how successful our economies are. A strong economy must be a reflection of a strong society. If we want to measure the success of our society it is not by measuring how rich the wealthiest people are or even so-called per-capita GDP numbers that are distorted by excessive wealth and income levels of a minority of privileged people. If we want to improve the quality of life of a society we must improve everyone’s economic status and build a society that provides everyone with more than just more stuff.

We need to start by measuring poverty and inequality and setting our economic goals at reducing those rather than increasing abstract measures of stuff acquired.