Degrowth

780 readers

5 users here now

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.

founded 1 year ago

MODERATORS

MrMakabar

Is degrowth possible under capitalism? (self.degrowth)

submitted 1 year ago by mambabasa to c/degrowth

51 comments fedilink hide all child comments

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'

you are viewing a single comment's thread
view the rest of the comments

[–] tgirod 1 points 1 year ago (1 children)

I see what you mean, but I think it's true up to a certain point. Without growth, wealth concentration converges to a point where one actor owns everything. This is the perfect recipe for political instability and systemic failure.

[–] bouh@lemmy.world 1 points 1 year ago

It is to some extent. Unrest or even revolutions don't necessarily end capitalism. It rarely does actually.

IMO capitalism is inherently unstable. Capitalism cannot gracefully adapt to unexpected shocks (it will cause economic troubles, many people will have their lives ruined and many will profit from thee chaos), and it causes it's own crisis on a regular basis. I once saw a paper that was arguing that crisis were normal capitalist regime, because since the 19th century there were more periods of crisis than periods of stable growth.