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Growth without Prosperity
on 14 November 2012
The book describes "Growth without prosperity", as most of the book criticises today's economy in those terms - we use up too much irreplaceable stuff, generate too much unabsorbable waste, and aren't happy.
The last two chapters (of twelve) make specific suggestions of laws, which (it claims) would make the economy sustainable and enable people to flourish.
Work: Per-capita limits on throughput (resource use and waste production); maximum wages, maximum working hours; ban disposable products; higher pollution tax, lower income tax; carbon tax on imports; make fair trade compulsory; reduce labour mobility.
Finance: ban short-selling; require banks to hold 100% reserves against all deposits; Tobin tax; restrict access to personal credit.
Media: more state media; ban advertising to children.
State spending: minimum income; more spending on education and crime prevention; more public leisure facilities; lower government borrowing; localise government spending decisions; higher transfers to poor countries.
Public policy: public indices to measure natural capital. Macroeconomic models to include different forms of capital.
The book has great faith in government.