Steady State Economy

by Daniel Wortel-London

The daily news regularly features commentary about the outrageous and growing income inequality in the USA. The data support the outrage:

• In 1965, the CEO-to-worker salary ratio at the average U.S. company was 21-to-1. Today that ratio is 344-to-1.
• In 2022, CEO pay at 100 S&P 500 companies averaged $15.3 million, while median worker pay averaged only $31, 672, according to an Institute of Policy Studies analysis.

The post Introducing the Salary Cap Act appeared first on Center for the Advancement of the Steady State Economy.

by Gary Gardner

One of the most difficult adjustments industrial-country citizens will make in the steady state economy is accepting limits on our activities. Steady state economies will not be the Wild West, beyond the frontier where anything goes. We will learn to live within limits, a difficult reality for peoples accustomed to an open-ended understanding of freedom. In a “full world” where we bump up against the limits of our planet’s resources,

The post Befriending Boundaries appeared first on Center for the Advancement of the Steady State Economy.

by Dave Rollo

”Economic growth” is commonplace in the daily news. We assume it’s a good thing, that a 2–4 percent increase in GDP is beneficial to all. Likewise, we hear that our communities are growing, and we see a 2–4 percent increase in population as reasonable and benign. Meanwhile, visionary community leaders are busy planning for a steady feed of single-digit annual growth. So we’re in good hands, right?

But what the news reports miss is that any steady rate of growth is an exponential function that contains within it a knowable doubling time.

The post Envisioning a Steady-State Comprehensive Plan appeared first on Center for the Advancement of the Steady State Economy.

by Gary Gardner

Here’s some bad news for folks who see a circular economy as a way out of the polycrisis: Trends in global materials use, which recently bent modestly in the direction of circular flows, are flattening once again. The Circle Economy Foundation in Amsterdam reported in January that secondary materials amounted to only 7.2 percent of all materials in the global economy in 2023, down from 9.1 percent in 2018.

The post Two Cheers for Circularity appeared first on Center for the Advancement of the Steady State Economy.

by Dave Rollo

Vermont takes its name from the French Monts Verts, or Green Mountains, the state’s rolling hills that host maple, birch, and beech forests in the south and spruce and fir in the north. Quaint towns and farms, many retaining their historic structures, are nestled in the mountain valleys. Lakes, streams, and wetlands are plentiful. And farms are everywhere: Vermont consistently ranks as one of the top states in the nation for local food production.

The post Growth Battles in Chittenden County appeared first on Center for the Advancement of the Steady State Economy.

by Daniel Wortel-London

Can businesses become sustainable? Certainly—at least in theory. In recent years, new business models have emerged that attempt to place business on an ecologically healthy footing. The doughnut economy, the regenerative economy, sufficiency enterprises, and postgrowth and degrowth businesses: These and other experiments represent ways of doing business that not only create customer and firm value, but address social and environmental needs as well. 

by Gary Gardner

In congressional testimony last November, Isabel Munilla, an official from the Department of Energy, gave an alarming assessment of U.S. reliance on foreign minerals. For 31 of 50 critical minerals, she warned,”…the U.S. relies on other countries for more than 50 percent of our requirements…Our reliance on non-allied foreign sources for these materials is neither sustainable nor secure.” Munilla employed what we might call the “scarcity scare”—the panic that supplies of critical minerals may be insufficient for all nations to participate in the transition to clean,

The post How to Avoid the Scarcity Scare appeared first on Center for the Advancement of the Steady State Economy.

by Dave Rollo

Warn anyone in the USA about the coming energy crisis and you’re likely to see eyes roll. “What energy crisis? That was half a century ago! Markets and technology won. Today we’re back among the top oil suppliers!”

All true, but the response gives a false sense of security that has policymakers and publics sleepwalking toward a cliff. An energy crisis is likely ahead, no matter our rank (currently third) among oil supplying nations.

The post Approaching the Energy Cliff appeared first on Center for the Advancement of the Steady State Economy.

Editor’s note: This essay originally appeared December 23, 2020 and is slightly modified.

by Brian Czech

With Christmas two weeks out, folks are making tough decisions about Christmas presents. The public is rattled by inflation, credit card debt is through the roof, and gift-giving is a real strain for many. My advice for anyone stressing out over Christmas presents is simple:  Take a break from the shopping!

The post Christ Didn’t Shop for Christmas Presents (Much Less Jets and Guns) appeared first on Center for the Advancement of the Steady State Economy.

by Daniel Wortel-London

Since 1998, the City of Las Vegas and the U.S. Bureau of Land Management (BLM) have been gambling with nature. By auctioning off public land from the BLM for development and using the proceeds to preserve natural areas, policymakers and federal officials have bet that development and conservation can go hand-in-hand.

But it hasn’t worked out that way.

As the Las Vegas region has grown from 1.3 to 2.7 million people since 1998,

The post Learning from Las Vegas: The Costs of Growth appeared first on Center for the Advancement of the Steady State Economy.