Let’s put some life into this sub. I don’t think degrowth is possible under capitalism because the imperative to degrow contradicts the capitalist drive for the creation of value (valorization) which must always grow under capitalism’
Let’s put some life into this sub. I don’t think degrowth is possible under capitalism because the imperative to degrow contradicts the capitalist drive for the creation of value (valorization) which must always grow under capitalism’
Its possible, theoretically. We’ve seen deflation before historically, but it makes businesses lose their minds.
How dare the value of a dollar go up!
Recession is not degrowth. Austerity is not degrowth.
What is degrowth then?
Degrowth is the intentional slowdown of the economy towards very specific ends: less work, less consumption, more welfare, etc. It is not the same as the end of growth, nor austerity nor recession.