New Zealand’s Prime Minister Jacinda Ardern has presented a pioneering national budget where spending is dictated by the “well-being” of citizens, rather than productivity and economic growth. But as long as other major economies continue to prioritise growth, New Zealand may become a lone wolf trapped in an increasingly hungry bear pit, writes Jack Peat.
Over more than 40 years, Vaclav Smil has grown in influence, and is now seen as one of the world’s foremost thinkers and a master of statistical analysis. Bill Gates says he waits for new Smil books the way others wait for the next Star Wars movie. Smil’s latest is Growth: From Microorganisms to Megacities.
To keep this kind of growth going, we need to tap more resources, which is beyond the Earth’s capacity. Till now the growth was possible because we thought resources are abundant. But today we know that we will have to experience a serious crisis in the next half century, depending upon how we use resources.
Jason Hickel writes: Many people were thrilled when they heard that the Economics Nobel went to William Nordhaus, known for his work on climate change. But many climate scientists and ecologists believe that the failure of the world’s governments to pursue aggressive climate action is in large part due to arguments that Nordhaus has advanced.
Jason Hickel, Foreign Policy: Many policymakers have responded to ecological breakdown by pushing for what has come to be called “green growth.” It sounds like an elegant solution to an otherwise catastrophic problem. There is just one hitch: New evidence suggests that green growth isn’t the panacea everyone hopes for. In fact, it’s not even possible.
From The Conversation: If the global economy grows by 3% till 2100, it will be 60 times larger than now. The existing economy is already environmentally unsustainable, so we simply cannot“decouple” growth from environmental impact. This paper looks at policies that could facilitate a planned transition beyond growth–while considering the huge obstacles along the way.
From BBC: A recent episode of Newsnight, BBC’s programme on ideas, had a surprising guest: Anthropologist Jason Hickel, who went on to make a case against the lethal addiction to economic growth and in its place proposed “planned de-growth”. Hickel is the author of The Divide: A Brief Guide to Global Inequality and its Solutions.
George Monbiot writes: We cannot hope to address our predicament without a new worldview. We cannot use the models that caused our crises to solve them. We need to reframe the problem. This is what the most inspiring book published so far this year – Doughnut Economics by Kate Raworth of Oxford University -has done.
Jonathan Rutherford writes: Reducing societal consumption –degrowing the economy– need not necessarily result in chaotic economic breakdown. This is indeed an inevitable outcome within our present economic system, but possibly not others. What then would be required to contract the economy, in an orderly and fair way? A possible answer, from the ‘Simpler Way’ perspective.
Jason Hickel writes: Growth isn’t an option any more–we’ve already grown too much. Scientists are now telling us that we’re blowing past planetary boundaries at breakneck speed. The hard truth is that this global crisis is due almost entirely to overconsumption in rich countries. Rich countries must “catch down” to more appropriate levels of development.
A masterpiece and a dictionary unlike any other, every entry in David Fleming’s Lean Logic presents the author’s deft, original analysis of how our present market-based economy is destroying the very foundations—ecological, economic, and cultural—on which it depends, and his core focus: a compelling, grounded vision for a cohesive society that might weather the consequences.
Rajni Bakshi writes: Votaries of degrowth are the first to acknowledge that they are deploying a ‘bomb-word’. Yet it highlights an inconvenient truth–that infinite economic growth is not possible on a finite planet. Even ‘green’ growth, supported by technological wizardry cannot, by itself, address the deepening global crisis of under-employment, social dislocation, and environmental degradation.
Giorgos Kallis writes: Degrowth is a frontal attack on the ideology of economic growth. No Left party might dare to openly question growth, but I find it hard to see how in the long-term they can avoid it. Growth is not only ecologically unsustainable but, as economists like Piketty admit, increasingly unlikely, especially for advanced economies.
Jason Hickel writes: The UN’s Sustainable Development Goals recognise the inherent tension between economic development and the planet’s ecology. It signals awareness that something about our economic system has gone terribly awry–that we cannot continue chewing through the living planet without gravely endangering our security and prosperity, and indeed the future viability of our species.
Watch video recordings of keynote presentations of the just concluded 5th International Degrowth Conference. They cover a range of subjects from critiques of economic growth and capitalism and green economy, to radical alternatives on economic, political, social and cultural fronts; alliances between global north and south; climate justice; the nature and future of work, etc.
Jason Hickel writes: When it comes to climate change, the problem is not just the type of energy we are using, it is what we’re doing with it. What would we do with 100% clean energy? Exactly what we are currently doing with fossil fuels: raze more forests, build more meat farms, expand industrial agriculture.
Broroti Roy writes that in India, many are reluctant to use the term ‘degrowth’ because growth is seen as the only way to get rid of poverty. However, there are many grassroots initiatives emerging here, too, which follow the same principles of respecting the planet’s limits and pursuing the core values of equity and justice.
Alberto Acosta writes: Mainstream thinking – embedded within capitalist globalisation – makes us accept the impossibility of imagining an economy that does not promote economic growth, as much as a world without oil, mining and agribusiness is impossible. Within this mainstream thinking, we can find people from every political and ideological stance, from neoliberals to socialists.
We can have it all; that is the promise of our age. We can own every gadget we are capable of imagining, without compromising Earth’s capacity to sustain us. The promise that makes all this possible is that as economies develop, they become more efficient in their use of resources. In other words, they decouple.
Can Solar be the Backbone of India’s Energy System by 2035? Tobias Engelmeier, The Energy Collective Around 70% of India’s power comes from coal, less than 1% from solar. Will that change in the next 20 years? Can solar become the new backbone of the Indian energy system? I think there is a good possibility