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Intelligence Squared

Can We Live Well Without Economic Growth? - Part 1

Jun 11, 2023
35:11

Podcast summary created with Snipd AI

Quick takeaways

  • Prosperity can be achieved without economic growth by redefining success metrics.
  • There is a need to shift towards sustainable development to address resource constraints and climate issues.

Deep dives

The Need for Economic Growth for Prosperity

Economic growth is considered essential for achieving prosperity, defined as improved living standards encompassing health, education, leisure, family life, and overall well-being. The aftermath of the financial crisis highlighted the significant impact on living standards and the necessity of economic growth. The discussion emphasizes the importance of effective state capacity combined with private sector initiatives to generate higher growth and enhance prosperity for all.

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