Wednesday, May 20, 2020

Governors and Degrowth

I must have dreamed a thousand dreams
Been haunted by a million screams
But I can hear the marching feet
They're moving into the street
--Genesis

Referencing the previous post, belief in degrowth, certainly more prevalent on the political left, may help explain differences in lockdown policies between states, as well as how long those lockdowns have been ordered to stay in place.

If you're a progressive governor who subscribes to the global warming narrative, then you might be inclined to order a more draconian lockdown to 'degrow' the economy than would a governor more literate in economic fundamentals.

You also might be inclined to keep your jackboot on the necks of producers and consumers for a longer period of time.

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