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
- Population Growth: The Ironic Vexer
- Steady Statesmanship and Climate Policy in the Midst of a Fascist Threat
- The Impact of Evolutionary Pressures on Economic Narratives
- COVID-19 in the UK: A Choice Between Life and Lucre?
- 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
- Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy
- Fair Incomes for a Healthy Future: The Sustainable Salaries Act
- Colorado River: “Lifeline of the Southwest” Suffering Effects of Economic Growth and Climate Change
- 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
Legendary talk show host Larry King dead at 87
Longtime talk show host Larry King has died in Los Angeles. He was 87. Read more ...
1 winner of Mega Millions $1B prize; 3rd largest ever in US
Friday night's drawing came two days after a ticket sold in Maryland matched all six numbers drawn and won a $731.1 million Powerball jackpot. Read more ...
The Mega Millions jackpot is $1 billion; here are the winning numbers
The Mega Millions jackpot is estimated to be worth a staggering $1 billion . Read more ...
Larry King, broadcasting giant for half-century, dies at 87
Larry King, the longtime radio host who went on to become a nightly fixture on CNN, died Saturday at age 87. Read more ...
Russia arrests 350 protesters demanding Navalny's release
MOSCOW - Russian police on Saturday arrested hundreds of protesters who took to the streets in temperatures as low as minus-50 C to demand the release of Alexei Navalny, the... Read more ...
Stay silent, please! France's Academy of Medicine advises people to ‘avoid...
The French National Academy of Medicine has urged people to quit the chatter on packed buses and trains, where social distancing is impossible. The country's health minister... Read more ...
What channel is Conor McGregor vs. Dustin Poirier 2 on tonight? How to...
Here's a complete guide to watch Conor McGregor vs. Dustin Poirier 2, including channel and pay-per-view information. Read more ...
Chicago indoor dining to return starting Saturday
CHICAGO - Indoor dining will be allowed to resume in Chicago and suburban Cook County with new rules that bars and restaurants must follow. Many restaurants and bars feared... Read more ...
Legendary broadcaster Larry King dead at 87
Famed broadcaster Larry King has died, his official Twitter account announced Saturday morning. King, 87, a multiple cancer survivor, had contracted coronavirus earlier this... Read more ...
NC reports first case of highly-contagious COVID-19 variant
The North Carolina Department of Health and Human Services is reporting the first identification in a North Carolina resident of the COVID-19 variant called B.1.1.7, which was... Read more ...