I'm excited to announce the latest release of the Sustainable Development Index, now with data through 2019. Costa Rica tops the list! sustainabledevelopmentindex.org
Rich countries continue to perform poorly, with dangerously high levels of resource use and emissions. Sadly the Nordic countries also fall toward the bottom. aljazeera.com/opinions/2019/…
Middle-income countries that have strong public provisioning systems (specifically for healthcare and education) tend to perform best. This model allows countries to deliver relatively high levels of human welfare with relatively low levels of resource use.
But while several countries cross 0.8 on the index, no countries reach 0.9 or above. Even the best performers still need significant improvement.
Note that emissions and resource use are reckoned in consumption-based terms. Thanks to @huzaifazoom for his work on the data management and coding.
As the US "Summit for Democracy" continues today, it's worth remembering how the US has actively destroyed democracies across much of the global South over the past several decades, while propping up authoritarian regimes. Here are a few prominent examples:
In 1953, the US worked with Britain to orchestrate a coup that deposed Mohammed Mosaddegh, the elected Prime Minister of Iran, and in his place propped up the authoritarian regime of Reza Shah. Remember Mosaddegh:
In 1954, the US orchestrated a coup to depose Jacobo Árbenz, the democratically elected leader of Guatemala, and installed the military dictator Carlos Castillo Armas in his place. Remember Árbenz:
I'm excited to announce this new paper we have out in Nature Sustainability. We track countries' performance on social and ecological indicators (the doughnut!) from 1992 to 2015. With the brilliant @AndrewLFanning, @DrDanONeill and @Nicolas43513211. nature.com/articles/s4189…
Here are some of the key findings:
1. No country has managed to achieve minimum social thresholds while remaining within planetary boundaries over the period analyzed. But a few do come close, with Costa Rica leading the way.
2. Social gains have been slow and insufficient even while resource use has exploded.
This is what happens when you have an economic system that is organized around capital accumulation and elite consumption rather than around meeting human needs.
This is one of the most important books I've read this year. I've been researching and writing about capitalism and imperialism for my whole career, and I learned something from every page. It's a must-read for anyone who wants to understand the world economy.
The Patnaiks argue that capital accumulation in the global North *requires* an imperialist arrangement with the global South, not as a bug but as a feature. This helps explain several turns in global economic history that economists have otherwise struggled to understand.
The book also includes a chapter that updates Utsa Patnaik's research on the British colonial drain from India, which I had reported on here. New data puts the total figure at $66 trillion. aljazeera.com/opinions/2018/…
I had the honour of reading an advance copy of David Graeber and @DavidWengrow’s new book “The Dawn of Everything”. It is masterful and exhilarating – a much-needed update to our story of human civilization. It is also politically liberating:
For ages we have been told that if we want to create an egalitarian society the only option is to wind back time and return to living in small forager bands. After all, hierarchy emerged with the rise of complex societies. It is a necessary feature of civilization. Right?
Not so. Graeber and Wengrow show that human history is full of complex, multicultural societies – even cities with big public works – that show no evidence of kings and palaces and coercive power.
What does the World Bank's lead climate economist think about degrowth and post-capitalism? We did a written debate in the pages of Development Policy Review. You can read it for free here: onlinelibrary.wiley.com/doi/10.1111/dp…
Some of my arguments:
1. Growth in high-income nations is driving ecological breakdown
2. Hoping for “green growth” is not a reasonable response. We need to be scientific about this.
3. Rich countries must adopt post-growth pathways
4. Development requires decolonization
5. Social value and provisioning can be increased without rising commodity production
6. The key is to decommodify and expand essential social goods
7. The Environmental Kuznets Curve will not save us
I'm excited to share this new piece—a radical proposal for how global South countries can achieve economic decolonization and human-centered development, using a combination of MMT, industrial policy and debt default. See what you think: newint.org/features/2021/…
"The existing approach to 'development' will never work because it is not designed to work. It is designed to maintain Northern access to cheap labour, raw materials, and markets in the Global South."
Governments can use MMT to reclaim their resources and labour to focus on meeting domestic needs rather than servicing Northern consumption, with universal public services, food sovereignty, energy sovereignty, and a public jobs guarantee, ensuring decent livelihoods for all.