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Sunday, November 10, 2013

growth x sustainability, justice and human dignity

How economic growth has become anti-life

An obsession with growth has eclipsed our concern for sustainability, justice and human dignity. But people are not disposable – the value of life lies outside economic development
An Indian trader inspects sunflower seeds as he participates in a seed auction sale at the grain market in the village of Jandiala, near Amritsar, India, 29 May 2013.
'Economic growth begins when seeds are genetically modified and patented, leading to farmers having to buy seeds every season'. Photograph: Raminder Pal Singh/EPA
Limitless growth is the fantasy of economists, businesses and politicians. It is seen as a measure of progress. As a result, gross domestic product (GDP), which is supposed to measure the wealth of nations, has emerged as both the most powerful number and dominant concept in our times. However, economic growth hides the poverty it creates through the destruction of nature, which in turn leads to communities lacking the capacity to provide for themselves.
The concept of growth was put forward as a measure to mobiliseresources during the second world war. GDP is based on creating an artificial and fictitious boundary, assuming that if you produce what you consume, you do not produce. In effect , “growth” measures the conversion of nature into cash, and commons into commodities. /.../

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