Our current economic model's foundation lies in a presumptive flaw—the continuous belief in infinite growth. But what happens when the pillars of this belief crumble?
Introducing degrowth and demand reduction
There are several key principles to degrowth, including sustainability, social well-being, equity, direct democracy, and localized economies. He critiqued the western world's continued exploitation of global resources, effectively maintaining a colonial economy. His take: the real focus should be on meeting human needs, not just growth. However, this suggests a more dominant role for state governance, a model reminiscent of eco-communism, which has been criticized in the past.
We must also consider if degrowth is genuinely a viable economic model. It could be argued that if our growth-centric model continues unchecked, it may simply stagnate and consequently 'degrow' on its own. But what repercussions would such organic degrowth have on our socio-economic structures?
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