A brief statement of the key and incontestable idea of steady state…
Rules for a Steady State Economy
Good economic policies strive to achieve societal goals like sustainability and fairness with the least amount of impingement on individual freedoms. Following this principle, achieving a steady state economy requires adherence to only four basic rules or system principles that are hard to argue with:
1. Maintain the health of ecosystems and the life-support services they provide.
2. Extract renewable resources like fish and timber at a rate no faster than they can be regenerated.
3. Consume non-renewable resources like fossil fuels and minerals at a rate no faster than they can be replaced by the discovery of renewable substitutes.
4. Deposit wastes in the environment at a rate no faster than they can be safely assimilated.
And here are Serge Latouche’s 8 interdependent principles for de-growth (from a review by Giorgos Kallis:-
Re-evaluate what matters;
Reconceptualize key notions such as wealth, poverty, value, scarcity and abundance;
Restructure the productive apparatus and social relations to fit these
Redistribute wealth and access to natural resources
between North and South and between classes, generations and
Relocalize savings, financing, production and consumption;
Reduce production and consumption, especially for goods and
services with little use value but high environmental impact;
Re-use products and
“Relocalization is central in Latouche’s degrowth strategy, who envisions self-sufficient, politically autono-mous bioregions or“urban villages”, exchanging ideas, but few
materials or capital. In Latouche’s concrete utopia, food, energy and
money will be mostly locally produced.”