Blog • 07.11.2016
It is great to see an attempt to put degrowth ideas into a straightforward form that can be taken into political debate. However, the selection of points is critical and I am not convinced that this is the right selection. I'll just take issue with two: 1. Zero bank-debts “No bank should lend more than its deposits. Banks cannot be allowed to create money out of thin air, while all the ...
Blog • 14.11.2016
According to German columnist Georg Diez, the violation of democratic processes in the wake of the financial crisis in 2007/2008 was an epochal break comparable to the great depression and the developments thereafter. One reason for the increase in racism and rise of the radical right, he writes, is also the helplessness of the left faced with the increasing numbers of people who feel abandon...
Blog • 11.10.2016
In a recent article with Stefan Drews, we discussed why degrowth might be an unfortunate name and slogan for the alternative economics movement. We listed several expressions that could possibly be better, but we were also upfront about their disadvantages. Here I propose a new term that might combine the advantages of the word degrowth with those of its more positive alternatives. For an asse...
Blog • 04.10.2016
Degrowth is usually translated into German as "Postwachstum" (post growth) or "Wachstumsrücknahme" (reversing growth), but it can also be translated as “ausgewachsen” (grown up). This captures two aspects: on the one hand the end of growth and on the other hand the entry into a stage of maturity, namely adulthood. Adults are expected to show increased maturity and responsibility for themselves ...
Blog • 22.09.2016
What is capitalism? A kind of state? An institution? Some values? A power structure? Ideology? A Culture? What governs capitalism? Supply and demand Invisible hand Enclosure of land The drive to expand Market mechanism Class schism Racism The moral virtue of productivism. Innovation! Invest! Impress! Progress! Entrepreneurial quest for Technological success in Pursuit ...
Blog • 15.09.2016
The fifth international Degrowth Conference is over, the call to host the sixth has been opened. A lot could be said about the conference, yet I do not intend to give a comprehensive overview, nor examine how it stands in relation with the former conferences. Instead, I want to share five aspects of the conference, which I found particularly insightful. 1. A Degrowth Conference in Hungary? ...
