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System economies designed to deal with degrowth

December 21st, 2017 · No Comments

https://www.counterpunch.org/2017/12/21/in-defense-of-degrowth/

Two Manifestos: system economies designed to deal with ‘degrowth’…

Degrowth demands a different kind of economy.
Of course, all of this requires that we shift to a different kind of economy altogether – one that supports and promotes the commons, and focuses on improving human well-being rather than only on improving monetary incomes. This is where Milanovic makes a key mistake. The point of degrowth is to reduce the material throughput of the economy not by shrinking the existing one (which would surely be painful), but by shifting to a better one: one more in line with our planet’s ecology.

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