Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy
By Brian Snyder
In 2019, the U.S. per capita GDP was $65,000. It seems obvious that this level of economic activity is more than sufficient to meet the needs of the U.S. population; after all, if we can't live fulfilled, productive lives in an economy producing $65,000 per person per year, more money and production will never be enough. Further, additional per capita economic growth in the USA is uneconomic. For example, economic growth to $75,000 per person per year will not increase our economic wellbeing nearly as much as it will decrease ecological wellbeing; hence, the justification for a steady state economy.
Just one example of wealth in the USA. Mansion in Newport, RI. (Image: CC BY 3.0 , Credit: silvervoyager )
But much of the world is not like the USA. Afghanistan's per capita GDP was $502 in 2019. Burundi's was $261, and the average per capita GDP in sub-Saharan Africa was less than $1600. In these nations, most citizens cannot meet their basic needs-food, water, sanitation, electricity,...
The last Posts from Steady State
- Orange Cone Headaches: Construction in an Overpopulated, Pro-Growth World
- The Meat of the Matter: Diet, Climate, and the Steady State Economy
- Joe Biden, Donald “Duck,” and a Steady-State Soul of America
- Joe Biden, Donald “Duck,” and a Steady-State Soul of America
- The Futility of Utility
- “Consumer Confidence” or Subtle Salesmanship?
- Uncommon Sense-The Foreword
- Wildlife on the Way Out While the World Wildlife Fund Lays a Policy Egg
- Fair Incomes for a Healthy Future: The Sustainable Salaries Act
- Colorado River: “Lifeline of the Southwest” Suffering Effects of Economic Growth and Climate Change
- Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy
- Wildlife on the Way Out While the World Wildlife Fund Lays a Policy Egg
- “Consumer Confidence” or Subtle Salesmanship?
- The Silver Lining of the COVID-Caused Recession is Fading Fast
- The Futility of Utility
- Joe Biden, Donald “Duck,” and a Steady-State Soul of America
- Book Review: Crazy Climate and Rigged Economies by Gerry Greaves
- Don't Call It “Communist”
- Building Upon the Trophic Theory of Money: Preliminary Results from Canada
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