A steady state economy is one based on the principle of creating a sustainable economy in a world of finite resources. It is an alternative to the continuous growth model of our current economy and the goal is 'enough', not 'more'.
Steady state is about sharing, equality, public luxury, access to the world’s wealth and resources, instead of indiscriminate growth, private accumulation and enclosure. it needs Steady state is not the same as unplanned recession, where GDP falls involuntarily. Steady state is about ‘going slower by design, not disaster’ (Peter Victor). Designing it requires requires high-level or 'upstream' system interventions.
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