this post was submitted on 17 Sep 2023
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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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Is degrowth possible under capitalism? (slrpnk.net)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 1 year ago

I don't thinks it's impossible. There is some evidence suggesting that happiness and prosperity stops at a certain level of growth, and a continuation of growth yields diminishing returns.

GDP based economy is both a really strange way of measuring value and even it's inventor spoke out against using it as a measurement.

There are some nations that are trying alternative models of measurement, such as the BLI model.