Painful to see how far from reality controlling growth really is.
Conventional economic logic hinges on a core assumption: Bigger economies are better, and finding ways to maintain or boost growth is paramount to improving society.
But what if growth is at best doing little to fix the world’s problems, and at worst fostering the destruction of the planet and jeopardizing its future?
By Julia Horowitz, CNN Business
That’s the radical message from the “degrowth” movement, which has spent decades on the political fringes with its warning that limitless growth needs to end. Now, after the pandemic gave people in some parts of the world a chance to rethink what makes them happy, and as the scale of change necessary to address the climate crisis becomes clearer, its ideas are gaining more mainstream recognition — even as anxiety builds over what could be a painful global recession.
Updated 12:31 AM EST, Mon November 14, 2022
/https://www.cnn.com/2022/11/13/economy/degrowth-climate-cop27