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Old 12-20-2022, 04:22 PM
 
17,874 posts, read 15,936,058 times
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Quote:
Originally Posted by Phil P View Post
Lol, no need to jump on the anti-socialist bandwagon so quick!

This has been a longstanding debate in economics. Here's the basic tenants:

1. The economy lives within the environment, which provides the raw materials for the economy. If the economy is too focused short changes the environment and destructs it, then in the long run the economy falls apart because there's no more inputs available. That's 'ecological economics'. This definitely happened in the past in Mesoamerican civilizations and is something we have to be aware of with the modern economy.

2. GDP is a measure rate of output production, not utilization. To use an analogy, it's the RPMs of the cars engine, not the speed it's running at. People use outputs to generate wellbeing, but generating outputs does not guarantee wellbeing. Classic example is hurricanes, they generate additional GDP be requiring goods and services to be built to replace what used to be there, but this in no way makes any one better off.

I don't necessarily agree with the solutions in the article, but it's pretty well agreed upon within economics that GDP is very overused as a measure of success - that wealth, durability, distribution, and usefulness need to be better captured in whatever future metrics we use.
Watch the film Rapa Nui. Its a fictional account of what happened on Easter Island.

In case no one heard of Easter Island

https://en.wikipedia.org/wiki/Histor...and_population


https://www.youtube.com/watch?v=4d_oapAqo6k
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Old 12-20-2022, 05:00 PM
 
Location: moved
13,646 posts, read 9,706,599 times
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Quote:
Originally Posted by moguldreamer View Post
"Create prosperity by abandoning prosperity as an objective"
What our "degrowth" friends evidently mean, is

"Create a higher form of spiritual, social and cultural prosperity, and the expense of less material comfort, sumptuousness, convenience, technological sophistication or harnessing of resources". So, more pop-Buddhist prosperity, and less Adam Smith-style prosperity.
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Old 12-20-2022, 05:55 PM
 
Location: The New England part of Ohio
24,099 posts, read 32,454,883 times
Reputation: 68302
Quote:
Originally Posted by LookinForMayberry View Post
So, I know this is a thing in other countries, and I believe it should be for us in the USA, but I just cannot see it happening. Not with Big Business controlling the Government and people blindingly committed to tradition and technology. Still, I would love to have someone here give me some hopeful information.

https://www.nature.com/articles/d41586-022-04412-x
I would agree in that Wall Street and The Dow, are terrible indicators of how average Americans live. They are good for the 1%. That's it.
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Old 12-20-2022, 06:08 PM
 
Location: Ruidoso, NM
5,667 posts, read 6,592,916 times
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Quote:
Originally Posted by ohio_peasant View Post
Create a higher form of spiritual, social and cultural prosperity.
This has been done by policy in other developed countries more than the US. Less work, greater public benefits (and taxes), more financial security... just less to worry about. Less need to get lawyers and accountants involved to navigate the mess of insurance and tax laws. That is a type of freedom that many people value greatly. They tend to have stricter environmental laws also, and discourage wasteful practices. We could easily do similar things in the US, but the political support is lacking.

In the US we have the freedom to make our lives simpler than the norm, but I suppose it's inherently more difficult. I quit the rat race when I was 30 (32 years ago) and never went back. I lived way below the poverty line for a good chunk of it, but I was quite content as I didn't need to work. When I did start working again it was lower paying seasonal and part time work, and I was happy to live below my means. So it can be done in the US, but it's difficult unless you are willing to live at the bottom of the socio-economic scale.
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Old 12-20-2022, 10:23 PM
 
19,777 posts, read 18,069,289 times
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Quote:
Originally Posted by modest View Post
That "serial nonsense" usually comes in response to the often bizarre and robotic comments about human performance, achievement, and appearance that leaks out onto this forum. People are people, not many are set on being performance machines to be operated at optimal performance. Most babies aren't chomping down on steaks and pork chops, so I don't see the relevancy to their diets. Most babies eat relatively vegetarian diets early on in life. Not exactly sure who goes into a hospital on the birth date of their young child and starts asking the medical professionals about the diets they can feed their babies for optimal height attainment. If those are the main concerns, then those are probably some very strange people indeed. Furthermore, the best shape I've ever been in in my life was when I ate a mostly vegetarian diet with some moderate amounts of chicken and turkey mixed in for protein. There are also a lot more options available for sustainable protein today than just five years ago. My wife is particular to tofu, but when she was doing Keto leading up to our wedding, she was also fond of nut butters and legumes.

It's those weird obsessions with human KPIs, achievement, and appearance that are bizarre. I don't think most healthy-minded people are overly concerned with that as opposed to just making the best out of life with what they got.

Furthermore, you went off on your own political tirade earlier upthread when one of the top stickies directs us to keep this sub void of political discussions.
1. From a US angle macroeconomics is significantly about the intersection between government spending, Federal Reserve action, FX and related, and international geo-political wrangling. Ergo worthwhile economic discussion is impossible without overlap into politics. That's just reality. The OP posts hard left tropes all the time.

2. Per ample food and height potential it's less about parents asking or even being aware........it's about stunted growth and all the associated negative health problems - low IQ/poor learning prospects, decreased immunity, increased risk of infection, early death etc. vs. the opposite.

3. Per your performance machines line. Some are more capable than others.

4. Per your diet points I tend to agree. For adults lower fat, less processed foods are always better. For very small kids not so much. Human breast milk is ~4.1 - 4.2% fat, high in lactose etc. Babies and little kids are calorie burning/wasting machines relative to adults.
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Old 12-20-2022, 10:25 PM
 
19,777 posts, read 18,069,289 times
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Quote:
Originally Posted by sheena12 View Post
I would agree in that Wall Street and The Dow, are terrible indicators of how average Americans live. They are good for the 1%. That's it.
That's simply untrue.
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Old 12-20-2022, 11:53 PM
 
17,874 posts, read 15,936,058 times
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This is a quote from the article in the OP

"Improve public services. It is necessary to ensure universal access to high-quality health care, education, housing, transportation, Internet, renewable energy and nutritious food. Universal public services can deliver strong social outcomes without high levels of resource use."

Whatever is being proposed here is preferably not going drop food production to malnutrition levels, but only to eliminate food waste as much as possible. And we do waste a lot of food.

https://www.fda.gov/food/consumers/food-loss-and-waste

Quote from article:
"Food is the single largest category of material placed in municipal landfills and represents wasted nourishment that could have helped feed families in need. Additionally, water, energy, and labor used to produce wasted food could have been employed for other purposes."

But even the amount we do eat (which does not end up in landfills) is likely too much. It only makes us fat, and raising rates of heart disease. We have big problems with obesity, and diseases caused by eating too much.

https://www.menshealth.com/weight-lo...icans-are-fat/

https://www.businessinsider.com/dail...crease-2016-07

We arent all going to play a few games in the NFL or NBA so we dont need to be huge monstrosities. Anyone who thinks we need to make available to every person anytime the option to gorge themselves like Homer Simpson because otherwise they cant "grow" and have health problems is a fool.
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Old 12-21-2022, 12:55 AM
 
Location: Honolulu, HI
24,608 posts, read 9,442,839 times
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Quote:
Originally Posted by FIRE42 View Post
“The problem with socialism is that eventually, you run out of other people’s money,” former British Prime Minister Margaret Thatcher famously said.
Agreed.

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.” - Economist Thomas Sowell.
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Old 12-21-2022, 03:18 PM
 
Location: Silicon Valley
7,645 posts, read 4,594,923 times
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Quote:
Originally Posted by moguldreamer View Post
There is such incredible humor - and irony - in the title of this thread:

Title: "Create prosperity by abandoning economic growth as an objective"

Because
Prosperity Economic Growth
Therefore, via substitution, the title could be restated as:
"Create prosperity by abandoning prosperity as an objective"

On par with the intelligentsia's normal drivel.



All commies must hang.
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Old 12-23-2022, 11:04 AM
 
Location: Orange County, CA
4,901 posts, read 3,359,318 times
Reputation: 2974
The fiat-based monetary system pretty much requires continuing economic growth. Otherwise, the whole thing would collapse due to the inability the payoff the colossal amount of debt.
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