Economic growth can’t reduce inequalities; it merely postpones confronting exploitation. Español
The emergence of interest in degrowth can be traced back to the 1st International Degrowth Conference organized in Paris in 2008. At this conference, degrowth was defined as a “voluntary transition towards a just, participatory, and ecologically sustainable society,” so challenging the dogma of economic growth. Another five international conferences were organized between 2010 and 2018, with the latest in Malmo in August.
This year also saw the publication of Giorgos Kallis’ landmark book Degrowth,which opens with three bold statements. First, the global economy should slow down to avert the destruction of Earth’s life support systems, because a higher rate of production and consumption will run parallel to higher rates of damage to the environment. Hence, we should extract, produce and consume less, and we should do it all differently. Since growth-based economies collapse without growth we have to establish a radically different economic system and way of living in order to prosper in the future.
Second, economic growth is no longer desirable. An increasing share of GDP growth is devoted to ‘defensive expenditure,’ meaning the costs people face as a result of environmental externalities such as pollution. Hence, growth (at least in rich countries) has become “un-economic:” its benefits no longer exceed its costs.
Third, growth is always based on exploitation, because it is driven by investment that, in turn, depends on surplus. If capitalists or governments paid for the real value of work then they would have no surplus and there would be no growth. Hence, growth cannot reduce inequalities; it merely postpones confronting exploitation.
The growth paradigm.
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