[dinopello]

The Center for the Advancement of the Steady State Economy

This organization has resources regarding a steady state economic model.

CASSE is the foremost organization in advancing the precepts of the steady state economy to citizens and policy makers - an indispensable resource."

~ Herman Daly

Glancing through it, I don't agree with all of their assertions and prescriptions necessarily but I think their basic premise is in the right place.

[GHung]

Extreme human overshoot and climate change have made the idea of a steady state economy an extend-and-pretend pipe dream. Greer's assessment of other sustainability schemes in this week's essay applies; more "of the same delusion of human omnipotence that shapes so much of contemporary culture. "

Kunstler's 'long emergency' is baked in. No way around that. There will be nothing 'steady state' about it, for centuries at least.

[dinopello]

There will be nothing 'steady state' about it, for centuries at least.

Never hurts to plan ahead, eh ?

[Outcast_Searcher]

There will be nothing 'steady state' about it, for centuries at least.

Never hurts to plan ahead, eh ?

Dino's chart should be required reading for all the economic short term doomers on this site who frequently (or continually) insist that the world is in a global recession or depression, more or less constantly.

It's not. All the MSM and real world economic data says it's not.

Oh that's right, if you don't like reality, insist that zerohedge (which is constantly wrong, given their track record) is "the truth" and insist that every month we're about to enter a global economic catastrophe.

I'm NOT saying that BAU growth is sustainable or the right policy in the long term. All I'm saying is that the constant insistence from the "we are surely doomed short term" crowd that ignores fundamental economic reality and all facts and figures supporting it gets old when they're wrong month after month after year, but refuse to admit it.

(OK, they were right during the 2008-2009 crash. Congratulations.)

[GHung]

Sure OS. Since I didn't say "short term", but did say that "steady state" would be impossible, I'm sure your comment wasn't intended for me. Otherwise, you would be misrepresenting what I said. You've never been guilty of that, eh?

BTW: Your " ...it gets old when they're wrong month after month after year..." has absolutely no bearing on whether something will or won't happen. Beware.

[GregT]

Never hurts to plan ahead, eh ?

Or behind in this case. Those were projections forward from 2012.

According to The World Bank, global GDP growth in 2014 was 2.5%, and this year is expected to be even less.

http://data.worldbank.org/indicator/NY. ... play=graph

The trend line in reality is sloping the other way. The IMF as usual has overestimated their numbers.

[GregT]

Third-quarter GDP lands with thud: just 1.5% growth

"The U.S. economy cooled off in the third quarter as companies cut back production to prevent a worrisome buildup in inventories, particularly of goods destined for foreign markets."

"Gross domestic product — the value of everything a nation produces — rose at a 1.5% annual pace from July through September, the government said T hurs day. The U.S. had grown at a crisp 3.9% rate in the second quarter."

"Economists predict consumer spending will show another healthy gain in the final three months of 2015, potentially pushing GDP back toward the 2.5% range or higher."

"Still, the third-quarter dropoff almost assures the U.S. will fail to break 3% annual growth in 2015 for the 10th straight year. The last time the economy expanded that fast was in 2005."

http://www.marketwatch.com/story/third- ... 2015-10-29

[GregT]

Global GDP growth to Q3 2013

http://www.acting-man.com/blog/media/20 ... ld-GDP.png

Considering that China accounted for over 40% of global growth in GDP in 2013, and Chinese growth has stalled considerably this year, even the corns should be able to figure out where this is all heading. It isn't exactly rocket science.

[dinopello]

Third-quarter GDP lands with thud: just 1.5% growth

This is the right direction for steadystate. The point is to oscillate about 0% and there still is a long way to go.

[GregT]

From 5% in 2010, to 2.5% in 2014. At these rates, how long till we reach 0%? Not that it really matters, a growth rate of around 3.5% is required just to keep our ponzi schemed financial systems from imploding. We've already passed that point. Hence desperate central bank monetary policies in a feeble attempt to keep the facade in the forefront. Otherwise panic would set in and cause the collapse much sooner than later. It's all a confidence game now.

[Peak_Yeast]

How will you get a steady state economy when the natural resources are being plundered - and the stored natural capital has almost run out?

The numbers can probably be steady state with enough manipulation, but living it wont be.

[GregT]

How will you get a steady state economy when the natural resources are being plundered - and the stored natural capital has almost run out?

A steady state, sustainable economy, requires renewable resource exploitation at rate equal to, or slower than, those same said resources can naturally renew themselves. A steady state economy is not possible as long as our species is in overshoot.

Relying on a finite, non renewable resource to fuel our economies ultimately leads to a dead end for society. Relying on a finite, non renewable resource that also destroys the natural ecosystem that we are all a part of, ultimately leads to a dead end not only for our society, but for our species as well.