Pattern-chaser wrote: ↑February 17th, 2024, 12:26 pm
In these days of shortages, mass extinctions, global warming, and climate change, there are those who see our tightly-focussed insistence on (economic) growth — continuous growth — to be somewhat misguided. As our consumption has increased to a point where it outweighs available resources, isn't it empirically obvious that growth can't continue without end?
Degrowth is a new idea to me, but it does seem to make pragmatic sense, in today's world, or what is left of it. For those who (like me) are not very familiar with the concept, here's a link to the Wikipedia page.
And here's a very brief excerpt,
Wikipedia" wrote:
Degrowth theory's main argument is that an infinite expansion of the economy is fundamentally contradictory to the finiteness of material resources on Earth. Degrowth theory argues that economic growth measured by GDP should be abandoned as a policy objective.
What are your thoughts? [Philosophically-political thoughts, of course.] Is degrowth a fantasy, or our only alternative?
Pursuing continuous economic growth without regard to environmental sustainability, social inequalities, and the well-being of individuals is going to lead to long-term negative consequences. If left unaddressed, these issues could indeed pose significant challenges to societal stability and well-being. The current economic model, focused on GDP growth as the primary measure of success, has been rightly criticized for not adequately addressing environmental degradation, resource depletion, and social inequities.
Degrowth advocates argue that a shift in priorities is necessary to ensure the planet's and its inhabitants' long-term survival and prosperity. The concept emphasises living within ecological limits and promoting environmentally sustainable practices. People seem to panic at the idea of reducing resource consumption, minimising waste, and transitioning towards a more circular economy. America's weakness, and because of its influence in the Western world, a threat to us all, is the failure to address social inequalities and promote well-being for all. This mentality seems to say, “if it don’t hurt you ain’t deserved it!”
I’m all for smaller-scale and community-based initiatives prioritising local needs and sustainability. The centralized industrialisation of farming, for example, based purely on yield or output, is killing the land, has put local farmers out of business, and if a shortage occurs, there is likely to be starvation. If crops fail or the distribution is interrupted, the present system is vulnerable. Medial coverage of the subject is driven by the corporations who are against it, and who paint a bleak picture of how it would look if they were no longer in charge.