Market growth is important, just as important as making sure its gets divided among all members of a society to a livable amount.
We'll see if markets crash around the globe the famine that emerges.
We'll see if markets crash around the globe the famine that emerges.
Market health is important, fixation on growth is in my opinion a big cause for lots of issues we face globally. Everything is built in a way where it constantly has to grow in order to work. But everything we have and do cannot be done or had endlessly, everything has its limits. Our markets don't exist in a vacuum, growing means to take space away from other things or beings.
Constant growth is not possible and things which are focused on it are bound to fail or turn ugly.
What's a better way to do it?
People who know what the Club of Rome discusses might be able to chime in, but 2052[1](not affiliated) largely shaped my opinion about this topic. Can't put it into perfect guidelines, but I would wish for a system which is dicated based on how happy it makes its people and on how sustainable it is.
Otherwise, if we still stay focused on growth, I don't see how we should handle climate change and other global issues. Because exactly this desire to always grow and expand seems to be the common factor behind a lot of these issues. Continue growing and buying Co2-certificates is not what's going to save us, we have to rethink our western, first-world way of living and maybe turn down our luxuries a bit.
In my opinion, expanding wealth gaps are a big issue as well. People who have the means to just ignore climate change and other things by spending money will never care, at the same time the same people are exactly the ones using the most resources.
As you can see, I'm more rambling than really answering your question, but we can gladly continue discussing this topic.
[1] https://en.wikipedia.org/wiki/2052:_A_Global_Forecast_for_th...
Market growth for tobacco products is not important, full stop.