Read the full version of the open letter here
The current economic downturn is not Degrowth, even if some people misleadingly call it that. Degrowth means ensuring everybody's basic needs are met by transforming our societies. With policies in place to do that, we could shut down much of the economy for months and everyone would still have enough food, shelter, and healthcare. In a Degrowth society, with relocalized economies, a pandemic like COVID-19 would be less likely, would spread less, and would cause less suffering. The economic crisis triggered by the pandemic is related to our dependence on growth. All interested individuals and organizations are invited to engage in an open debate to re-envision economy and society in the wake of the corona crisis. From May 29 to June 1, the (now online) international conference “Degrowth Vienna 2020: Strategies for a Social Ecological Transformation” will be held, and the Global Degrowth Day on June 6th.Catalan Croatian Danish Dutch French German Greek Hungarian Italian Korean Mandarin Portuguese Russian Slovenian Spanish Swedish Turkish
In the early 17th century, the bubonic plague is said to have played a crucial role in popping the tulip bubble in the Netherlands. Today, the coronavirus (COVID-19) is leading not only to a health crisis, but also an economic one. The outbreak is sparking realistic fears of a deep global downturn. Our globalised, just-in-time, cost-cutting, risk-taking and profit-maximising economy has shown a...
Degrowth poses a fundamental challenge to a Labour Party that has yet to decide how far it wishes to transcend – and not merely reform – a growth- oriented, capitalist political economy. The British Labour Party has seen a resurgence of radicalism since the 2007-8 financial crash. With the collapse of the authority of neoliberalism, a space has opened for alternative ideologies, theories and...
When our book Post-Growth Society was published in 2010 in German, the term was entirely unheard of. Today, Post-Growth is the harsh reality in many countries, but this phenomenon is considered to be transitory. Governmental investment subsidies and infrastructure spending, consumer incentive programs and a generous monetary policy are supposed to re-stimulate growth. Additional governmental e...