Posted 20 hours ago

Less is More: How Degrowth Will Save the World

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A system that has taught us to assign value to a thing not based on utility, but based on how hard it is to get, on scarcity, on how it makes people look at us, on how much we can get for it when we sell it. This one is social science, with facts and figures, and some very good insides about capitalism and how it is incompatible with sustainability. a. He presents a range of solutions that are interesting to think about, but ultimately should serve as a primer to kickstart our own social imaginations. He lays out how we can transition to a post-capitalist economy, but also reminds us that there are other ways of knowing and being that hold the secret to a better world.

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I'd like to synthesize this with Michael Hudson's focus on Finance Capitalism's debt overhead (the aforementioned M-M’) and fictitious speculative growth (as opposed to industrial growth and its material use): The Bubble and Beyond. We want our crops to grow, but only until they are ripe, at which point we harvest them and plant afresh.

But in 2016, two American scientists published an article in the journal Nature pointing out that it may well happen a lot faster. Should we hope that some new plague will wipe out half of humanity so that we will improve the lot of the working class? Although decoupling is sometimes talked about within the environmental community as a feasible solution, many scholars have debunked it.

Capitalist production, therefore, develops technology, and the combining together of various processes into a social whole, only by sapping the original sources of all wealth - the soil and the labourer. The amount of fetishization for an abstract macroeconomic measure rather than directly considering social health measures is appalling.

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