It was a good to join @TheWorld’s @MarcoWermer and @BTI's Zeke @hausfath to question the compatibility of our relentless #GrowthDependency and achieving carbon targets. A few reflections on the discussion in this thread 1/7
pri.org/file/2021-04-3…
We all agree that rapid absolute #decoupling of emissions (not to mention impacts on #biodiversity etc) is necessary. And possible. By investing in cleaner technology #renewables #efficiency #circulareconomy #greennewdeal @AOC 2/7
Our disagreement arises from whether technology is sufficient to achieve what’s needed – to stay within 1.5 degrees for instance – without challenging @GretaThunberg’s ‘fairytales of eternal economic growth’ #theredqueen 3/7
It seems we also agree that economic growth in the so-called ‘advanced’ economies is slowing down and must eventually come to an end. Good to hear @hausfath, @TheBTI, acknowledge that crucial point #secularstagnation 4/7
The reality is that point may already be here. Labour productivity growth across @OECD has been in decline since the 1960s and in some countries was hovering close to zero before the pandemic struck…. 5/7 cusp.ac.uk/themes/s2/tj-b…
…and in those circumstances relentlessly chasing growth is a dangerous game that suppresses the wages of frontline workers, hinders ecological investment and delivers rising #inequality and political instability #Brexit #Trump H/T @PikettyLeMonde 6/7
But letting go of growth allows us to focus on what matters. Beyond relentless growth lies a better world where #prosperity is about health, relationship and meaning.. @POTUS’s $3tr stimulus could build an #economyofcare for people and planet 7/7 nytimes.com/2012/05/27/opi…

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