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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MrMakabar

Is degrowth possible under capitalism? (self.degrowth)

submitted 1 year ago by mambabasa to c/degrowth

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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'

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[–] PopOfAfrica@lemmy.world -2 points 1 year ago (1 children)

Its possible, theoretically. We've seen deflation before historically, but it makes businesses lose their minds.

How dare the value of a dollar go up!

[–] mambabasa 4 points 1 year ago (1 children)

Recession is not degrowth. Austerity is not degrowth.

[–] bouh@lemmy.world 3 points 1 year ago (1 children)

What is degrowth then?

[–] mambabasa 1 points 1 year ago

Degrowth is the intentional slowdown of the economy towards very specific ends: less work, less consumption, more welfare, etc. It is not the same as the end of growth, nor austerity nor recession.