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Most obviously, the value of income growth declines as one gets richer and richer. A New and Deadly Climate Regime. Lithium and rare earths are probably not far behind. Is an important program on the chopping block? Daniel Bell wrote that economic growth is the world's secular religion, but for much of the world it is a god that is failing -- underperforming for most of the world's people and, for those in affluent societies, now creating more problems than it is solving. Sustainable Economic Growth Economic Growth Growth Unemployment Sustainable Growth. Never mind also that even the creator of its formalisms, Simon Kuznets, warned in his first report to Congress in that "the welfare of the nation [can] scarcely be inferred from a measurement of national income as defined above" and by was expressing deeper skepticism:
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Growth Fetish: Five Reasons Why Prioritizing Growth Is Bad Policy


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The overarching priority of economic growth was easily the most important idea of the twentieth century. Creating new jobs in areas of democratically determined priority is certainly better than trying to create jobs by pump priming aggregate economic growth, especially in an era where the macho thing to do in much of business is to shed jobs, not create them. Americans are substituting growth and ever-more consumption for doing the things that would truly make us and our country better off.
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