ECONOMISTS ARE INFATUATED WITH GROWTH.
There are difficulties with a number of social problems. One problem rises from the excessive growth in population. I know that orthodox economists promote the fantasy of growth being a goal as a matter of ideology. This basic fact that must be recognised. The economists target of GDP has no good meaning for the welfare of people. Growth means that the necessary infrastructure always lags behind. Much endless investment is required to catch up. A human and satisfactory life can be had in a no-growth stabilised equilibrium status.
In such a society at equilibrium and with a balanced infrastructure, there will be no need to always falling behind. People will find that dying people will leave houses at the rate that will supply the needs of people wanting to set up a family home. New houses will not be needed. There will be no need to build new roads, water supply dams, filtration plants, sewage systems, prisons, stadiums, power plants, transmission lines, factories, hospitals, hospices, schools, universities, conference centres, museums, playgrounds, parks, swimming pools, performance theatres, warehouses, office blocks, hangars, airports, ports, community centres, or clear new land for cultivation. The requirements of a steady state population will be met by a constant infrastructure balanced to the needs of steady population.
What will remain important is to keep up with maintenance of the infrastructure which often gets forgotten in the need to cope with the growth. We could all then have a good work-life balance without having to work too hard in always having to catch up. The only losers in this stable situation will be banks which depend on the never ending need to advance more capital and create more debt in the need to catch up with infrastructure. It is the constant trying to catch up with infrastructure construction that requires the activities that produce most of the excessive harmful polluting externalities.
I have a thought that we need to give up the idea that growth is good.