Lesson 10: Growth & Sustainability

Please read "Pathological Production?" and "Socialism, Capitalism & Geoism

1. Why is the Gross Domestic Product considered to be misleading as an indicator of true prosperity?

2. Although “big box” stores are highly unpopular and bitterly criticized, they are also tremendously profitable, and growing rapidly. Why is that?

3. In your opinion, who or what should exercise authority over decisions that affect biodiversity and wildlife habitat?

4. If we were to remove all public interventions in the economy aimed at helping the poor, would it lead to long-term economic growth? Explain your answer.

5. Which of the following statements is definitely true?

a. Economic growth leads to more greenhouse-gas emissions.
b. A growing economy must increase its debt load.
c. Producing physical wealth is only a means to the ultimate end of satisfying human desires.
d. "First World" growth depends on the poverty and vulnerability of poor nations.
e. The primary goal of economic behavior is the production of wealth.
6. Why is public collection of land rent necessary in order for ecosystem services to be properly valued?

7. What fundamental insight allows Geoist policy to unite the goals of socialism and capitalism?

8. What are some of the ways that the ideologies of capitalism and socialism became watered-down in practice?

9. On what one point do the views of capitalists and socialists tend to converge?

10. Is there a necessary trade-off between efficiency and equity? How does the Geoist policy address this issue?

In a brief essay, discuss how (or whether) your understanding of the meaning and importance of international trade has changed since beginning this course.