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] 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.

[–] [email protected] 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.