The present pandemic demonstrates that the global economy is closely tied to consumer spending. Suppose the pandemic is merely a foretaste of the effects of climate change and ecological destruction. Can we fashion a world base on Zero Growth, a Steady State Economy?
Zero growth might well entail the following:
1. A fixed and renewal body of resources.
2. A demographic balance, i.e., a fixed population size.
Can such an economy enable all of humanity to prosper and grow? If so, what must be do to enable us to grow and prosper?
Can we have an economy where consumption is stable, i.e., does not grow?
Or, to put it another way, where the amount of capital spent on consumption is constant, fixed.