Today, Explained Blame Capitalism: Degrowing pains
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Sep 29, 2023 
Dirk Philipson, a Professor of Public Policy at Duke University and author of "The Little Big Number," dives into the urgent conversations surrounding capitalism and the degrowth movement. He asserts that endless economic growth harms our planet and critiques capitalism's relentless focus on GDP. Philipson discusses the rising support for degrowth, especially among younger generations, and emphasizes the need to rethink sustainability through innovative models that challenge traditional economic norms for a more equitable future.
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Profit Over People in Healthcare
- Adrienne Lodice, a former EMT and communist, dislikes capitalism due to its prioritization of profit over people.
- She witnessed this firsthand, earning low wages while her employer profited billions, highlighting the undervaluing of essential workers.
Need for a New Ism
- Economist Wendy Carlin suggests we need a "new ism" to address current economic problems like inequality and the climate crisis.
- Existing isms arose to tackle previous challenges, and a new system is now necessary for our unique issues.
Unsustainable Growth
- Dirk Philipsen, an economic historian, argues that continuous economic growth is unsustainable on a finite planet.
- The degrowth movement views the current pursuit of growth by governments as a dangerous "suicide pact."
