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Is degrowth possible under capitalism?
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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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If I may enter the discussion. I think it's very very hard but may be possible. Let's say people only buy new things when it's something they need and the things itself should work for a long time, like generations. It reduces consumerism, things would only be replaced if something greatly superior appeared. Some things would still be bought so there is still some capitalism but wouldnt be focused on mindless spending in junk. Things would be more expensive but overall we'd have better things.
You are describing market economy, not capitalism.
Fair enough. Degrowth from capitalism to market economy is more of an obtainable goal
Maybe if everyone had access to roughly the same wealth, market economy could be a good method of balancing economy ?
Yes but it's tough to imagine a path to that.
True. But there has been experiments, especially around melting currencies (is that the correct English name ?).
A recent example (in French, but I guess automatic translators are good enough now ?) : https://monnaie-libre.fr/
Thank you for that, I wasn't aware that was a thing! I'll bookmark that to read later as it seems a bit long! I didn't even know melting currencies were a thing
Such is the power of economic orthodoxy - to trick you into thinking there is no alternative, that economic laws are laws of nature when they are "only" social constructions ...