Posted on 08/08/2022 4:04:26 AM PDT by Oldeconomybuyer
Aug 8 (Reuters) - Degrowth - the idea that a finite planet cannot sustain ever-increasing consumption - is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.
But, as climate change accelerates and supply chain disruptions offer rich-world consumers an unaccustomed taste of scarcity, the theory is becoming less taboo and some have started to ponder what a degrowth world might look like.
After the U.N. climate science agency this year called for cuts in consumer demand - a core degrowth premise - the think tank that runs the Davos forum published a degrowth primer in June and the issue has even begun to crop up in investment notes.
"It is a provocative term," Aniket Shah, Global Head of ESG and Sustainability Strategy at Jefferies said of the New York-based bank's June 13 note on the "Degrowth Opportunity".
"But it's not about going to a low-income country saying 'You can't grow anymore'," he said. "It's saying: We need to look at the entire system and see how do we over time decrease total consumption and production in aggregate."
(Excerpt) Read more at nasdaq.com ...
As a matter of common sense, I’m inclined to agree that much of such stuff is indeed utter rubbish, so I don’t buy it. Ammunition is far more interesting ... ;’}
Free markets are great, though.
What the world needs a lot less of is sociopath elites who want to tell everyone else how to live.
They have the largest carbon footprint so sending them off planet would help save the planet.
;-)
Degrowth Opportunity how to see what life was like in the 1700’s.
It will mean starvation for billions.
Changing tagline.
What the Corrupt Left fails to realize is that the 'caveat emptor' customer can and does always walk away. The assertion "woke, then broke" is becoming a truism. Nudged far enough, customers get nudged out of the front door to not return. We see it happening here.
Bets wishes, and stay away from the woke eateries.
"Uncle Miltie (Degrow Government)" MO< Very fine. I enroll in this too! Bravo!
Europe and Europeans should just be disregarded.
Europe was
The Future is east of Suez where there is change
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