I have already noted that a central component of Piketty’s answer to the current crisis is more of the same – that is, more growth, the proceeds of which can then be ‘redistributed’. The harsh truth, however, may well be, at the level of public policy debate and democratic discussion, that growth is in practice an alternative to egalitarian redistribution, an alternative to any serious effort to create a more equal society. The promise of growth is a replacement for the need to share. That is how growthism has ‘superseded’ socialism: ‘left-wing’ politicians join right-wing politicians in the mantra that everyone benefits from a growing pie,
Brilliant must-read critique of Piketty’s ‘Capital in the 21st century’ starting from a ‘limits to growth’ perspective: ‘The true condition for redistribution may well now be recognition that we can’t rely any longer on growth.’
See on Scoop.it – The Great Transition
Reblogged this on Things I grab, motley collection .