The Worldwatch Institute and logic
Jun 14, 2012
Bishop Hill in Economics, Greens
Doug Keenan notes two separate, but clearly related clauses in an article by Erik Assadourian of the Worldwatch Insitute in the Wall Street Journal.
"there's a responsible way to grow the [French] economy"
and
"shrink [the] economy by two-fifths"
Here's the full quote (the article is paywalled):

There are many competing priorities that demand the new French president's attention: a shaky euro, public debt, French troops in Afghanistan. But with jobless rates hovering near 10% and 23% of French youth now unemployed, stimulating growth is surely at the top of François Hollande's to-do list.

Yet considering France's ecological footprint is 64% larger than the planet can sustain, France will have to shrink its economy by two-fifths over time to prevent widespread ecological decline in France and beyond, even as its population continues to grow.

In other words, there's a responsible way to grow the economy and there's an irresponsible way. Here are some suggestions on how Mr. Hollande can bring France closer to sustainable prosperity, rather than just create another short-term economic bubble that the breakdown of Earth's systems will pop a decade or two down the road:

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