The No-Growth Fantasy: Europe’s attack on capitalism — Newsweek
In Britain, a government commission has drawn up plans for a “steady state economy” that forgoes future economic growth in the name of sustainability by cutting work hours and banning TV commercials (to reduce consumerism). In Germany, new bestseller called Exit: Prosperity Without Growth is just the latest in a growing body of literature pleading for Germans to learn to live with less. In France, President Nicolas Sarkozy-who once came to power exhorting the French to work harder and earn more-has thrown his weight behind an expert report that declares the pursuit of GDP growth a “fetish” and strives to replace the GDP statistic with a broader measure of national contentment.
