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The Poverty of Growth | Olivier De Schutter

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Oct 29, 2024
Olivier De Schutter, UN Special Rapporteur on extreme poverty, sheds light on the damaging obsession with economic growth. He argues that poverty transcends income levels, exposing how unequal growth amplifies social exclusion. The podcast critiques global trade favoring corporations over workers and debunks the myth of 'green growth.' De Schutter emphasizes the commodification of everyday life and champions a shift toward sufficiency to promote collective well-being. His insights call for a fundamental rethinking of economic priorities, focusing on human rights and social equity.
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INSIGHT

Poverty Includes Social Exclusion

  • Poverty is not just about lacking basic needs but also about social exclusion caused by inequality.
  • Even with income, people may feel humiliated if they can't match societal consumption standards.
INSIGHT

History of GDP Growth Focus

  • GDP growth emerged as a quick measure of economic recovery during the 1930s.
  • Its prominence grew despite environmental limits becoming evident in the 1970s due to economic crises.
INSIGHT

Growth Policies Harm Workers

  • Policies to encourage growth often weaken workers' rights and lower taxes on corporations.
  • This results in increased inequality, worker stress, and global burnout epidemics.
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