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  • ANALYSIS-Climate change, scarcity chip away at degrowth taboo

    08/08/2022 4:04:26 AM PDT · by Oldeconomybuyer · 27 replies
    Reuters via Nasdaq ^ | August 8, 2022 | By Federica Urso
    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...