Many people challenge the idea that constant growth is a good thing. An article in the Guardian in April 2015 argues this point. Here is a synopsis:
" Growth does not create jobs
The way the current economic system is designed, it does the opposite. The constant drive to increase productivity, which is what economic growth really is, requires manufacturers to steadily reduce input costs.
Economic growth destroys jobs.........
" Economic growth does not reduce inequality
Because the system is designed to reward those who already have money and assets, the free market economic model takes wealth from the poor and gives it to the rich. This is especially true since 2008 as government and consumer debts in the rich world have risen and average incomes have stagnated or fallen. The gap between the rich and poor is bigger today than in 1914. The gap between rich countries and poor ones is also much greater.........
" Boosting growth is not the way to solve environmental problems
Economic growth is the cause of them. It requires a constant increase in the flow of raw materials extracted from the planet to be turned into goods, services and waste. The more we grow, certainly using current economic thinking, the more resources we need to use and the more pollution we create......
...."Taking a different approach to economic development will be fiercely opposed by all those who benefit from the current system. Yet a radical change in approach is both possible and necessary."
In my view, the most important issue is the degradation of our natural environment - the plastic "mountains" in the ocean, light and air pollution, etc. No-one, not even the better off, will be immune to disease and malnutrition if we poison our oceans and the land. And yet the growth obtained from the manufacture of more and more unnecessary products and services is applauded, with no regard to the valuable natural resources that are being plundered.
for anyone interested, here is the link to the full article: www.theguardian.com/sustainable-business/2015/apr/21/jobs-economic-growth-inequality-environment-club-of-rome