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The many social and ecological benefits of a 'degrowth' world
Jan 30, 2024
Timothée Parrique, an economist from Lund University and an expert in degrowth economics, dives into the concept of degrowth—challenging the idea of endless growth in a finite world. He discusses how scaling back consumption in wealthier nations can improve global equity and environmental health. Parrique argues that by prioritizing well-being over GDP, communities can thrive ecologically and socially. He envisions a future where sustainability and happiness coexist, transforming urban planning and redefining prosperity beyond traditional economic metrics.
01:18:12
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Quick takeaways
- Degrowth promotes a necessary shift in wealthy nations towards reduced consumption to allocate resources more equitably for lower-income countries.
- The critique of GDP as a measure of economic health highlights how true societal well-being requires addressing inequality and resource distribution.
Deep dives
The Concept of Degrowth and Sustainable Development
Degrowth, originating in France in the early 2000s, advocates for a downscaling of production and consumption, particularly in wealthy nations, to reduce ecological footprints and promote sustainability. This concept challenges the traditional notions of sustainable development, which often equate economic growth with improvement. It posits that true sustainable development requires a 'two-speed' approach, where rich regions must intentionally consume less to free up resources for the Global South to build productive capacities and adapt to climate change. By reframing degrowth as a planned democratic process aimed at improving well-being rather than simply reducing output, advocates seek to create a more equitable distribution of resources globally.
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