Degrowth

Imho an intressting development in the completly wrong direction. However it shows the massive problem capitalism has, that it increases capital accumulation within a small group of people. It also is a strong argument against the idea of billionaires having earned their wealth.

Let's put some life into this sub. I don't think degrowth is possible under capitalism because the imperative to degrow contradicts the capitalist drive for the creation of value (valorization) which must always grow under capitalism'

Ultimately, while degrowth is undoubtedly a material process that benefits from technical expertise, aggregate metabolic growth (and consequently, degrowth) is a socially driven phenomenon; as such we must develop and apply a radical socio-political analysis. The core theme that arises when analyzing growth in the context of socio-political formations and processes is the mutually-reinforcing connection between social power, control of material wealth, and accumulatory / growth-driven logics. This insight aids us in a couple ways. First, it identifies the root cause of growth, and thus grants us a more clear and foundational understanding of the problem. Secondly, because a socially determined problem must necessarily be addressed through a social approach, it helps us pursue solutions that won’t inadvertently reproduce the problem.

Abstract Scholars and activists mobilize increasingly the term degrowth when producing knowledge critical of the ideology and costs of growth-based development. Degrowth signals a radical political and economic reorganization leading to reduced resource and energy use. The degrowth hypothesis posits that such a trajectory of social transformation is necessary, desirable, and possible; the conditions of its realization require additional study. Research on degrowth has reinvigorated the limits to growth debate with critical examination of the historical, cultural, social, and political forces that have made economic growth a dominant objective. Here we review studies of economic stability in the absence of growth and of societies that have managed well without growth. We reflect on forms of technology and democracy com-patible with degrowth and discuss plausible openings for a degrowth transition. This dynamic and productive research agenda asks inconvenient questions that sustainability sciences can no longer afford to ignore.

A canva presentation on what degrowth is.