The Great Simplification with Nate Hagens cover image

The Great Simplification with Nate Hagens

Reflections on 'Beyond Growth' | Frankly #31

May 19, 2023
10:10

Podcast summary created with Snipd AI

Quick takeaways

  • The European Commission president acknowledges the obsolescence of a growth model based on fossil fuels and emphasizes the need to transition away from them.
  • While recognizing the necessity of addressing historical inequalities, a simplistic wealth transfer from the global north to the global south is deemed politically impractical and potentially harmful.

Deep dives

Outdated Model of Growth Centered on Fossil Fuels

The podcast highlights the European Commission president's acknowledgement that a growth model centered on fossil fuels is obsolete. While growth itself is not deemed obsolete, the focus is on the need to transition away from the reliance on fossil fuels. The speaker acknowledges a shared vision with the degrowth movement, particularly regarding concerns for a better future, environmental protection, and citizen well-being. However, the speaker identifies flaws in the degrowth movement's approach to financial and energy systems, particularly the lack of consideration for the over-leveraged financial system and the potential consequences of rapid reduction in complexity.

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