Our pick: "Growth Fetish" by Clive Hamilton

In "Growth Fetish," Clive Hamilton confronts one of the most pervasive and unchallenged assumptions of our time: the belief that economic growth is paramount to society's progress. For decades, political leaders and policymakers have championed higher incomes and relentless economic expansion as the keys to a better future. Yet, as Hamilton compellingly argues, this growth has not delivered the promised happiness and well-being. Instead, it has left us grappling with an uncomfortable truth: despite sustained economic growth and increased personal incomes, we are not any happier or richer and on the verge of economic decline. 

Hamilton's current affairs thesis is both provocative and urgent. He contends that our obsession with growth—what he terms "growth fetishism"—and the consumer culture it engenders are at the core of our social maladies. This relentless pursuit of economic expansion has distorted our social priorities, undermined our political structures and communities, and fostered a deep sense of alienation among both young and old. The book's contemplation on these issues is profound, urging readers to reflect on the true cost of our growth-centric worldview.

One of the most striking aspects of "Growth Fetish" is Hamilton's exploration of how growth fetishism has corrupted our sense of identity and community. In a society where worth is often measured by material wealth and consumer capability, the quest for authentic identity becomes increasingly elusive. Hamilton argues that this societal framework has led to a widespread feeling of disconnection and dissatisfaction, as people realise that accumulating more possessions and wealth does not equate to genuine happiness or fulfilment.

Hamilton's critique is not just an academic exercise; it is a call for action. He advocates for a radical shift in our political and social priorities, emphasising the need to move away from the singular focus on economic growth. Instead, we should aim to build a society that prioritises well-being, authentic identity, and community. Hamilton's vision for the future is one where the metrics of success are not GDP and personal income, but rather the quality of our lives and relationships.

"Growth Fetish" is a thought-provoking book that challenges deeply ingrained beliefs about prosperity and progress. It invites readers to critically examine the assumptions that underpin modern politics and to consider the possibility of a different path—one that promotes genuine well-being over relentless economic expansion that destroys quality of life. Hamilton's call to action is clear: we must rethink our priorities and create a society that truly enhances our quality of life.

We recommend Clive Hamilton's "Growth Fetish" as an essential read for anyone interested in the intersection of economics, politics, and well-being. It is a powerful contribution to the ongoing debate about the true meaning of progress and happiness.

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Check out our other economic growth/ decline and current affairs titles in the Current National and World Affairs category