Re: [Pen-l] Re: De-Growth Conference Declaration

[Max Sawicky <maxbsawicky@xxxxxxxxx>]

I'll add another question, since I have no answers.

It seems possible that growth could be raised by some set of
dirigiste arrangements that we do not observe.  So while growth
is a mantra justifying whatever gets done, what gets done is not
always or necessarily in support of growth uber alles.  While
finance is inextricable from capitalism, IMO the more powerful or
proximte motivating interest underlying finance is aggrandizement
of the wealthiest.  Unsustainable growth is a byproduct, not a prime
mover.  In fact, I expect power to be wielded by elites in support of
sustainable measures (in ways that feather their own nests, as
per usual) when it becomes screamingly obvious that such measures
are inescapable.



On Thu, May 28, 2009 at 1:09 PM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
> Sabri Oncu wrote:
>> Is this financial system exogenous or endogenous to the broader system
>> in which we are pursuing "the sort of growth we were pursuing"?
>
> Exactly! To what extent does the financial bubble and crisis reflect
> the emphasis on GDP growth über alles (i.e., the modern expression of
> capitalism's drive to accumulate like crazy) and its collision with
> ecological and resource constraints?
> --
> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
> way and let people talk.) -- Karl, paraphrasing Dante.
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