Wir Ökonomen haben nachgerechnet: „Wachstum“ ist eine zum Scheitern verurteilte Strategie – es gibt einen besseren Weg | Olivier De Schutter, Joseph Stiglitz, Jayati Ghosh, Thomas Piketty, Kate Raworth und Jason Hickel

>These are not separate crises. They are symptoms of an economic model that has reached the end of the road. Poverty and inequality are not accidents; they are predictable outcomes of policy choices: how we design tax systems, regulate labour markets, value care, structure public services and decide whose needs and whose voices matter. Crucially, if governments can manufacture poverty, they can also dismantle it.
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>For decades, the recipe was simple: grow the economy, and poverty would gradually disappear. But the promise that economic growth would “lift all boats” has not been kept. While national incomes expanded, wages stagnated, work became more precarious and public services were cut. At the top, fortunes ballooned; at the bottom, families turned to food banks. Growth has become decoupled from shared prosperity.

The article is about advanced economies and the global economy generally, but I hope this stays up, as it is highly relevant to many of the „big picture“ questions in Canadian politics.

And besides, it’ll be quite entertaining seeing people who support neoliberal economics try to argue that people like Joseph Stiglitz and Thomas Piketty don’t know what they are talking about.