In honor of Ray's return, I'm posting the following commentary from
Juliet Schor, posted earlier this evening to her Plenitude blog:

http://www.julietschor.org/2010/06/solving-unemployment-through-new-uses-of-time/
>
>
> The events of the past few years—financial meltdown of 2008, the failed 
> Copenhagen talks and increasing climate destabilization, the BP oil disaster, 
> and the financial crises in the Eurozone—make it clear that the 
> business-as-usual economy is both wreaking havoc on the planet and failing on 
> its own terms. But so far, the conversation about how to transform this 
> economic model has been stuck in neutral. Traveling around North America 
> discussing my new book, Plenitude, I am increasingly convinced that a key 
> obstacle to moving forward is a lack of confidence that there is another way. 
> To gain that confidence, we need to articulate a model of how a sustainable 
> economy could work.
>
> The core insight of my model is the need to transform how people spend their 
> time. Its first principle is to reverse the increased in time devoted to the 
> market that has occurred in recent decades. (The US, most of the global South 
> and some OECD countries have experienced rising hours.) In the US, annual 
> hours of work rose more than 200 from 1973 to 2006. Longer hours raise the 
> ecological footprint, both because of more production, and because 
> time-stressed households have higher-impact lifestyles. Getting to 
> sustainability will require slowing down the pace of life, which means 
> working less.
>
> Shorter hours are also key to solving the unemployment crisis. In the US, it 
> will require 11 million new jobs to return to pre-crash levels. That breaks 
> down to 500,000 new jobs a month for almost two years. That’s an unrealistic 
> number, unless we address hours of work. In comparison to Western European 
> countries, where hours are much shorter, the U.S. has to generate between 6 
> and 20% more in Gross Domestic Production to create each new job.
>
> The recession has gotten us started down this road. When it began the 
> workweek stood at 34.1 hours, but by April of 2010 it was 33.3. A rising 
> workweek is a strong desiderata of recovery for mainstream economists, but 
> they fail to see that it makes job creation harder, contributes to stress 
> among employees, and exacerbates ecological degradation. Declining hours 
> could re-balance the labor market and free up time for people to engage in 
> low-impact, self-providing activities that reduce their dependence on the 
> market. These include growing food, generating energy, building housing, and 
> making small-scale manufactured goods, such as apparel and household items.
>
> This do-it-yourself activity is highly satisfying for people, because it 
> helps them learn new skills and allows them to be creative. It also turns out 
> to be the catalyst for start-up businesses and second careers as people take 
> their newfound skills and passions and earn money with them. Freeing up time 
> from the formal market is one condition for incubating a green, small 
> business sector. Self-providing is also part of how we can construct more 
> economic interdependence. As people begin to do more self-providing, they 
> barter, trade, and share on a local level. This builds wealth in social 
> capital, which enhances well-being and security.
>
> Finally, the fourth principle of plenitude is that people will consume 
> differently. With more time and less disposable income, they’ll shift to 
> buying fewer new products, and prefer goods that are longer lasting and 
> repairable. They’ll also participate more in economies of re-sale and 
> exchange. I call that “true materialism,” a consumer practice that respects 
> the materiality of the earth.
>
> Perhaps the most important dimension of plenitude, in contrast to the 
> dominant discourse on sustainability, is that it is not a techno-fix. We do 
> need to change the technologies we use, especially in the energy sector. But 
> this model shows us that we can move a long way toward sustainability by 
> focusing on how we spend our time and organize our economic lives. Shifting 
> to slow, small-scale, low impact ways of living and producing can yield 
> dramatic reductions in footprint, even without new technological systems.



-- 
Sandwichman

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