Rights and wrongs of going for growth | @guardian letters

George Monbiot’s call for “a government commission on post-growth economics” should be urgent parliamentary business (Growth: the destructive God that can never be appeased, 19 November). All MPs should read the article, and they should tell us how they respond to some relevant questions. Do you realise that economic growth today demands more fossil fuel combustion that exacerbates disastrous climate change? Do you believe the UK could create a steady-state economy? Do you agree that social justice in a steady-state economy would require major reduction in the gap between the rich and the poor? Do you agree that the survival of most of the human race depends on these issues? Are you desperately worried about the world your grandchildren will inherit?

Britain led the world in the industrial revolution with economic growth: could we now take the lead in a steady-state revolution with zero economic growth?
Michael Bassey
Newark, Nottinghamshire

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Could Russia’s New Nuclear Weapons Win World War III?

Russia has passed the United States in the nuclear weapons category. Yeah. Really. Their new generation of tactical nuclear weapons is superior to ours, and they are expanding other capabilities. Which would be bad enough if our nuclear weapons actually worked well and were ready if we ever needed them. But they aren’t. We’ve let them sink into disrepair and no one wants to even work on them anymore, erroneously thinking that nuclear deterrence is an obsolete relict of the Cold War. Russia isn’t so naive.

Wall Street Stunned As Iceland Dares To Jail Banker Involved In 2008 Crash

The impossible is possible. Never say never. Wall Street bankers are staring agog at headlines coming from Europe where, in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time. As Valuewalk reports, in receiving a one year prison sentence, Sigurjon Arnason officially became the first bank executive to be convicted of manipulating the bank’s stock price and deceiving investors, creditors and the authorities between Sept. 29 and Oct. 3, 2008, as the bank’s fortunes unwound, crashing the economy with it. It appears he was as shocked by the verdict as Wall Street-ers are, “this sentence is a big surprise to me as I did nothing wrong.” It was likely all for the people’s own good…