A new Left has to be an ecological Left, or it won’t be left at all. Environmental change ‘changes everything’ for the Left too, Naomi Klein argued. Capitalism requires constant expansion, an expansion predicated on exploitation of humans and non-humans, that irreversibly damages the climate. A non-capitalist economy will have to sustain itself while contracting. But how can we redistribute or secure meaningful work without growth? There is not yet a concrete ‘economics of degrowth’. Lamentably, Keynesianism is the most powerful tool the Left, even the Marxist Left, has for dealing with issues of policy. But this is an economics of the 1930s when unlimited expansion was still possible and desirable.
Read the whole article in the New InternationalistIt 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 rest...
By André Reichel In the discourse on degrowth – the deliberate and planned downscaling of production and consumption that increases human well-being and enhances ecological conditions and equity on the planet – the notion of »sustainable development« has sort of a bad rap. In fact, sustainable degrowth is intended to replace sustainable development as the central concept under which ecological...
By Mark Burton Most ecological economists argue that continued economic growth is incompatible with ecological safety. That is to say continued increases in Gross Domestic Product, (GDP and also Gross Value Added, GVA) cannot happen while reducing ecological impacts in general, and climate change-causing greenhouse gas (GHG) emissions in particular. It isn’t a popular message, and is one that ...
