Monthly Review | Planned Degrowth: Ecosocialism and Sustainable Human Development
In the introduction to this summer's special issue on "Planned Degrowth," John Bellamy Foster outlines the major themes of degrowth thought, including, above all, a recognition of the need to…
All important concepts are dialectically vague at the margins. —Herman E. Daly1 The word degrowth stands for a family of political-economic approaches that, in the face of today’s accelerating planetary ecological crisis, reject unlimited, exponential economic growth as the definition of human progress. To abandon economic growth in wealthy societies means to shift to zero net capital formation. With continual technological development and the enhancement of human capabilities, mere replacement investment is able to promote steady qualitative advancements in production in mature industrial…
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