by Nick King ‘Degrowth’ and the ‘Steady State Economy’ describe a grouping of related concepts and ideas which are critical of economic growth being a
Compiled by SCA Staff Writers The critique against continuous economic growth, a perspective gaining traction due to increasing environmental concerns, notably the climate crisis, is
Between 60-80 per cent of the impacts on the planet come from household consumption. If we change our consumption habits, this will have a drastic effect on our environmental footprint as well. But is it realistic to expect that individual lifestyle changes alone will have the needed impact on reducing CO2 emissions?
Innovating scientists and economic policy makers committed to maximizing profit margins promise that we can stop global warming with great inventions coupled with a free market to sell them. The electric vehicle (EV) is one such great invention. But is it really that simple?
Certainly, global warming will negatively effect certain resources and thus reduce economic growth—but, ironically, few economists will admit that degrowth may be the only solution to solve climate change.
There is no single answer to the growth/degrowth debate, a balance between distinct strategies for different situations might be the key.
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