Seeking the Good Life: Growth is Not Development

The perceived need to promote a growth economy is one of the deepest held meta-beliefs underpinning industrial civilization. Capital formation and accumulation is the highest goal of the economy, and debt is the vehicle. But whose debt? Well, just about everyone’s. The vast majority of citizens must take on debt to own a car, a … More Seeking the Good Life: Growth is Not Development

Two Kinds of Development

When we think of “development,” it is usually about economic development of the so-called “developing nations,” that is, nations whose economies have not caught up with the “advanced” industrial nations of North America and Europe. Without question, the most advanced technology and its application to the full range of industrial processes, from extraction to product … More Two Kinds of Development