Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either. - Jim Stanford

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Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.

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About Jim Stanford

Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.

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Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.

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