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238 academics call on the EU to plan for a post-growth future

238 academics call on the EU to plan for a post-growth future

Preface. We know there’s going to be no growth soon due to peak oil and limits to growth, and ought to be planning for it so that the financial system doesn’t “freak out” and crash like Humpty Dumpty, beyond repair.  We will eventually be forced to reach a steady state economy, but the landing when civilization snaps from resource shortages could be softened by evolving to a non-growth society, which would also hugely help the environment and reduce biodiversity loss.

September 16, 2018. The EU needs a stability and well-being pact, not more growth. 238 academics call on the European Union and its member states to plan for a post-growth future in which human and ecological wellbeing is prioritised over GDP. The Guardian.

This week, scientists, politicians, and policymakers are gathering in Brussels for a landmark conference. The aim of this event, organised by members of the European parliament from five different political groups, alongside trade unions and NGOs, is to explore possibilities for a “post-growth economy” in Europe.

For the past seven decades, GDP growth has stood as the primary economic objective of European nations. But as our economies have grown, so has our negative impact on the environment. We are now exceeding the safe operating space for humanity on this planet, and there is no sign that economic activity is being decoupled from resource use or pollution at anything like the scale required. Today, solving social problems within European nations does not require more growth. It requires a fairer distribution of the income and wealth that we already have.

Growth is also becoming harder to achieve due to declining productivity gains, market saturation, and ecological degradation.

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