Re: [Pen-l] Waxman Markey

[ehrbar <ehrbar@xxxxxxxxxxxxxxxxxxx>]

Jim wrote:

> As usual, we have to be clear what _kind_ of "economic growth" is bad.

Here is a quote from p. 46 of the UK Prosperity without Growth report
http://www.sd-commission.org.uk/publications.php?id=914
(URL forwarded to the pen-l on April 15 by Sandwichman):

> Put in its simplest form the 'dilemma of growth' can now be stated in
> terms of two propositions:
> 
> o Growth is unsustainable -- at least in its current form.  Burgeoning
>   resource consumption and rising environmental costs are compounding
>   profound disparities in social wellbeing
> 
> o 'De-growth' is unstable -- at least under present conditions.
>   Declining consumer demand leads to rising unemployment, falling
>   competitiveness and a spiral of recession.
> 
> This dilemma looks at first like an impossibility theorem for a
> lasting prosperity. But it cannot be avoided and has to be taken
> seriously. The failure to do so is the single biggest threat to
> sustainability that we face.

It would be interesting to see what lessons, if any, can be drawn
from this report for the formulation of Waxman-Markey.

I will respond to Carrol in a separate email.

Hans.
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