U.S. / Food / World / Economy / Climate Change / Economic Growth / Economic Policy / Energy / Environment / Poverty Alleviation / Steady State Economy / Steady State Herald / Sustainability / bioenergy / Brundtland Commission / carbon dioxide removal / CDR systems / GDP growth / reforestation / Renewable Energy / Technology / terrorism / unequal distribution of wealth / wealth transfer

Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy

Posted On: Apr 16, 2021   |   Posted By: Steady State

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,...

Continue reading ...

 








Pentagon says this video taken by Navy is indeed a UFO

Pentagon says this video taken by Navy is indeed a UFO

The Defense Department confirms this video, taken in 2019, is the real thing: A legitimate UFO. Read more ...

Biden meets with his first foreign leader. Japan's prime minister heads to...

Biden meets with his first foreign leader. Japan's prime minister heads to the White House

The two leaders are looking to counter messaging from Chinese President Xi Jinping that America and democracies in general are on the decline. Read more ...

Morgan Stanley handily beats first-quarter trading and investment-banking...

Morgan Stanley handily beats first-quarter trading and investment-banking estimates - but a $911 million loss tied to Archegos overshadows the strong report

Summary List Placement Morgan Stanley 's first-quarter earnings report beat analyst estimates in every major category, but the strong reults were overshadowed by a $911 million... Read more ...

Facing backlash, Simon & Schuster won't distribute book by officer involved...

Facing backlash, Simon & Schuster won't distribute book by officer involved in Breonna Taylor's death

Read more ...

Johnson & Johnson asked other drugmakers to help it study blood-clot risks...

Johnson & Johnson asked other drugmakers to help it study blood-clot risks, and Moderna and Pfizer refused, report says

Summary List Placement Johnson & Johnson privately contacted other drugmakers producing COVID-19 vaccines to join a study into the potential risk of blood clots, but Pfizer and... Read more ...

Iran successfully produces 60%-enriched uranium days after ‘act of sabotage'...

Iran successfully produces 60%-enriched uranium days after ‘act of sabotage' at Natanz nuclear facility

Iran has produced 60%-enriched uranium at its Natanz nuclear facility, country's senior officials have said. The facility was hit by an “act of sabotage” that Tehran blamed on... Read more ...

Iran has successfully produced 60% enriched uranium, top politician says...

Iran has successfully produced 60% enriched uranium, top politician says - its highest level ever

Summary List Placement The speaker of Iran's parliament said the country had successfully enriched uranium to its highest level yet. Mohammad Qalibaf tweeted on Friday morning... Read more ...

Paul Pogba reignites feud with Jose Mourinho, accuses former Man Utd boss of...

Paul Pogba reignites feud with Jose Mourinho, accuses former Man Utd boss of treating players ‘like they don't exist'

Manchester United midfielder Paul Pogba has reopened his rift with Jose Mourinho, laying into his former manager by claiming he “goes against” players and treats them "like... Read more ...

Nearly 1,300 COVID-19 cases reported in Massachusetts students, staff

Nearly 1,300 COVID-19 cases reported in Massachusetts students, staff

Massachusetts schools are seeing a spike in COVID-19 cases in students and staff. Read more ...

9 Hong Kong Pro-Democracy Activists Sentenced For 2019 Protests

9 Hong Kong Pro-Democracy Activists Sentenced For 2019 Protests

Nine activists and lawmakers were sentenced to prison terms Friday for their participation in the 2019 anti-government protests. Read more ...