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Prosperity without Growth Tim Jackson 4th March 2010 Rockstrom et al, Nature 461, Sept 2009 The Dilemma of Growth Life Expectancy at Birth • Growth is unsustainable • De-growth is unstable Life expectancy at birth (years) 90 Cuba Costa Rica Chile 80 Malta New Zealand Japan Iceland Ireland United Kingdom Bahrain China 70 United States GDP = Labour x LP India 60 Norway Russian Federation Gabon South Africa 50 Botswana Mozambique Swaziland 40 30 0 5,000 10,000 15,000 20,000 25,000 30,000 GDP per capita (PPP $2005) 35,000 40,000 45,000 50,000 The Dilemma of Growth Source: Prosperity without growth, Tim Jackson (London, Earthscan 2009) x 130 improvement CO2/$ < zero by 2100? The Engine of Growth • shareholder value • creative destruction Firms Spending Investment Increasing productivity Households Credit • status consumption • a life without shame Income Novelty Price A Better Prosperity? Prosperity consists in our ability to flourish as human beings – within the ecological limits of a finite planet. • material flourishing: food, clothing, shelter • social and psychological flourishing: identity, meaning, participation in the life of society • rethinking social goods and public spaces A Better Economic Engine? Ecological Investment • low carbon transition • ecological assets • livelihoods Ecological Enterprise • provide capabilities • support communities • tread lightly A Better Nature? Novelty Other Self Tradition Economics for a finite planet Ecosystems Ecological investment ecological productivity Ecosystem services Ecological enterprise Participation Capabilities improved flourishing People ‘The crisis doesn’t only make us free to imagine other models, another future, another world. It obliges us to do so.’ President Sarkozy, September 2009 http://www.earthscan.co.uk/pwg
