The economist Branko Milanovic recently wrote a blog post titled “The illusion of degrowth in a poor and unequal world.” He penned it, he says, following a conversation he had with a proponent of degrowth.As it turns out, that proponent was me.First, let me say that I have a lot of respect for Milanovic's work on inequality. I cite him all the time. But unfortunately he doesn't have a strong grasp of degrowth. Let's look at his argument in detail:Milanovic rejects degrowth … [Read more...]
A Tribute to Eduardo Galeano
“Plastic delights, plastic dreams. In the paradise promised to all and reserved for a few, things are more and more important and people less and less so. The ends have been kidnapped by the means: things buy you, cars drive you, computers program you, television watches you.” — Eduardo Galeano, from Upside Down: A Primer for the Looking-Glass WorldLocal Futures wishes to pay tribute to the Uruguayan writer, Eduardo Galeano, who passed away on April 13th. In a style that was at the same … [Read more...]