“Who Gets to Decide How Much Is ‘Enough’ to Live a Good Life?”
nakedcapitalism.com·2h
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Yves here. When I read the headline for this article, I thought it might address poverty versus what a middle-class life might amount to these days, when pervasive rentierism is hollowing out once-solid incomes. Instead, it discusses sufficiency, as in how to set limits on how much people are allowed to consume so as to limit global warming. And yes, we are all to pretend we get to decide to avoid focusing on the necessity of having to make tough choices about living within hard limits.

The problem is that this approach suffers from the same flaw as the bancor: it’s an appealing-sounding, tidy solution that will never get done. The same way that bancor requires that powerful, prosperous, successful mercantilists cede power and wealth to countries they can argue are struggling due to …

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