Jason Hickel, an economic anthropologist and advocate for global equity, challenges the belief that poverty is necessary for prosperity. He argues that it’s feasible for all 8 billion people to live decent lives using only 30% of current resources. Hickel critiques capitalism's inefficiencies, calling for an eco-socialist model that prioritizes human needs over profit. He discusses rethinking poverty measures, emphasizing access to essential services rather than just income, and the urgent need for grassroots involvement in transforming economic systems for sustainability.
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Quick takeaways
Transitioning to an eco-socialist model could allow for decent living standards for all using only 30% of current global production capacity.
Focusing on a needs-based assessment of poverty can provide a more accurate framework for resource allocation and improve access to essential services.
A strong political movement is essential to reclaim production control from capital, uniting environmental and labor movements for transformative change.
Deep dives
The Paradox of Capitalism
Under capitalism, the economy prioritizes the production of highly profitable goods, leading to overproduction of items like fossil fuels and fast fashion, while important necessities like affordable housing and public transit remain underproduced. This creates a paradox where tremendous resources are wasted, yet many individuals still struggle to meet their basic needs. This fundamental inefficiency highlights the need for a reorganization of production to focus on human well-being rather than profit maximization. An eco-socialist approach is proposed as a viable solution to restructure the economy to balance social progress with ecological sustainability.
Feasibility of Basic Needs for All
Research indicates that it is possible to provide decent living standards for over eight billion people using only about 30% of the world's current production capacity. This model includes essential goods and services such as nutritious food, healthcare, and education, effectively establishing an empirical sufficiency floor. The study emphasizes that current poverty and deprivation are unnecessary, as they can be eradicated swiftly without complex long-term strategies. By redirecting resources towards essential needs, the research posits that a more equitable and sustainable future can be achieved.
Challenging Conventional Economic Measures
Traditional measures of poverty often rely on monetary thresholds, ignoring access to essential goods and services necessary for well-being. This approach leads to the incorrect assumption that GDP growth is synonymous with poverty alleviation, while failing to consider the actual needs of individuals. By shifting focus from aggregate income to the specific necessities required for a decent life, a more accurate and actionable framework for addressing poverty can be established. This needs-based assessment enables targeted production and better allocation of resources, promoting access to crucial services for all.
Global South Development and Sovereignty
For countries in the Global South, industrial development centered on meeting human needs is essential for escaping deprivation and mitigating imperialist exploitation. Current production systems are often controlled by foreign capital, leading to misallocation of local resources and labor towards satisfying demands in wealthier nations. Sovereign industrial development requires mobilizing local capacities to produce goods that fulfill the necessities of their populations, thus promoting self-sufficiency. This transition necessitates strategic public investment and industrial policy to enable Global South nations to prioritize their own development goals.
Building a Political Movement for Change
The transition towards eco-socialism and the necessary structural changes will require a robust political movement to reclaim control of production from capital. Environmental and labor movements must form alliances to effectively advocate for policies that address both ecological and social crises concurrently. Mobilizing support for popular policies, such as universal public services and a public job guarantee, can galvanize a diverse coalition to push for transformative change. The urgency of building these movements cannot be overstated, as collective political action is essential to realizing the vision of an equitable and sustainable future.
We’re often told that it would be unfeasible for everyone on the planet to live good lives—that if there wasn’t some degree of poverty—or at least lower living standards—in the rest of the world, then we’d blow right through the ecological limits of the planet. Even if it’s not said explicitly, the argument is that some people need to be poor in order for us in the Global North to live good lives. There’s a lot wrong with this assumption on a lot of different levels, but most importantly—it’s empirically inaccurate.
It is possible, in fact, for everybody on the planet to have their needs met and to live a good life and make it happen, in fact, with only 30 percent of current global resource and energy use. That might sound unbelievable, right? Well, that’s capitalist realism for you. Because not only is it believable—it’s based on solid research and empirical data. It would, however, require ending capitalism and moving towards eco-socialism. So yes, it’s possible. But it won’t be easy.
What assumptions go into traditional economic thinking and how have they limited the way we conceptualize poverty and how we address it? How do we conceive of good lives—and how does our current economic system limit these conceptions and perpetuate environmental destruction and social immiseration? What would an economic system that is designed around meeting actual human and planetary needs look like? And, perhaps most importantly, how do we get there? These are just some of the questions we discuss in this fascinating conversation with economic anthropologist Jason Hickel.
Covert art: Berwyn Mure Intermission music: One Last Wish
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