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Growth for Its Own Sake

The reason I think we won’t have a truly transformative conversation about the health of the economy in this election year, is that both presidential candidates, both big parties, share the same assumptions about relentless growth. Here’s E.F. Schumacher in his book Good Work:

The modern industrial system has a built-in tendency to grow; it cannot really work unless it is growing. The word “stability” has been struck from its dictionary and replaced by “stagnation.” Its continuous growth pursues no particular aim or objectives; it is growth for the sake of growing. No one even inquires after its final shape. There is none; there is no ‘saturation point.'”

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