Degrowth

If you like the idea of a perpetual three-day weekend, you might be one of a growing cadre that supports the concept of degrowth: a school of thought aimed at shrinking economies and moving away from GDP growth as a metric of success, while instead emphasizing universal basic services and social well-being. The idea is gaining followers, especially in Europe and especially among young people. But it’s not just a fringe theory. A Beyond Growth conference hosted by the European Parliament last May saw 7,000 attendees, including the president of the European Commission.

Akielly Hu, Grist’s news and politics fellow, discussed the growing popularity of degrowth with Kohei Saito — a Marxist author whose 2020 degrowth manifesto quickly turned into a bestseller in Japan and beyond. (The English translation, called Slow Down, was just released last month.)