this post was submitted on 16 Feb 2025
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Degrowth
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Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.
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Degrowth is absolutely not compatible to capitalism because as an economic system it has growth embedded in its model. One of the biggest problems is that this economic system has taken over the decision making processes of human societies all over the globe (ie representative democracy). Like models of the past they portrait themselves as invincible, like kings thought of their situation, slave owners etc. I believe we should first be able to imagine a world without capitalism in order to achieve this goal. Btw I don't have the answers, we do.
So the way I see things degrowth is fully compatible with humans and human societies (sorry I can't use the term "human nature" but I suppose that's another topic), personal growth and societal prosperity because it is anti-capitalistic.
So I also thought of sharing a 15-min video from a few years back:
New Economies: How Degrowth Will Save the World with Jason Hickel
I agree that in the long run degrowth is not compatible with capitalism, at least not capitalism as we know it. Even if markets and private property continued to play some role in the economy. However, I think it's important to emphasize that we don't need to first somehow completely rid of capitalism (that would require some higher order magic) and then implement degrowth. There are many reforms that can start building the path of a prosperously degrowing society. A good overlook of degrowth policies can be found in this article. Of course, the need to reduce material flows is absolutely urgent, and I definitely advocate building popular support and implementing degrowth policies asap.
I read the article you linked but I don't see how it backs your argument that degrowth could be compatible with some form of capitalism (as you mention in your first sentence). It seems to me this article does the opposite.
Personally, I can't think of any kind of capitalism that is compatible with policies / goals / objectives related to:
or
or
or
etc
(found in the Appendix A. Thematic synthesis of degrowth policy proposals)
For me degrowth is potentially one way to get rid of capitalism.
Thanks for the insight and the video :)