Degrowth thinking is a secular shift born from the prior period of extreme leverage and over-consumption via the global debt bubble. A new model of organic growth and much more moderate consumption is here and a healthy part of the correction process back to a slower but more sustainable economy.
Degrowth (in French: décroissance, in Spanish: decrecimiento, in Italian: decrescita) is a political, economic, and social movement based on ecological economics and anti-consumerist and anti-capitalist ideas. De-growth thinkers and activists advocate for the down-scaling of production and consumption—the contraction of economies—arguing that over-consumption lies at the root of long term environmental issues and social inequalities. Key to the concept of degrowth is that reducing consumption does not require individual martyring and a decrease in well-being. Rather, ‘degrowthists’ aim to maximize happiness and well-being through non-consumptive means—sharing work, consuming less, while devoting more time to art, music, family, culture and community.
Charles Hugh Smith (of Two Minds blog) and Gordon Long discuss the realities of the move back from Peak Consumption (27:30)Here is a direct link.
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