I was delighted to read Herman Daly’s profoundly sensible article ‘Why We Need a Steady-State Economy’ (Issue 287), all delivered in language and metaphors that an economic ignoramus like myself could understand. “Growth beyond optimal scale is uneconomic growth, and we should stop the folly of continuing it,” he says. He uses the analogy of life in a submarine to describe the limited world we are creating, in which we will not be prepared to subscribe to the necessary rules to survive, through democracy.

He points out the many problems facing us, but somehow the two final ...


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