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Being a provocative term, #degrowth is often misinterpreted or misrepresented, even by many who share its objectives.
After Starmer’s speech calling for ‘growth, growth, growth’, #degrowth is trending – a good time to discuss the most common misunderstandings. 🧵 based on book
This is based on our just published @VersoBooks with Andrea Vetter and @a_vansi. More info here 2/
1⃣ One common misconception is that degrowth is either a proposal for recession, imposed austerity, or that it will necessarily result in economic collapse and social catastrophe. 3/
Is degrowth a neoliberal “politics of less” and ultimately against workers? These are the arguments in a new book by @Matthuber78.
Since we have a book coming out @VersoBooks too, we’ve been asked to engage. Fortunately, @PoliticOfNature has done this already - some thoughts 🧵
I have read Huber’s book "Climate Change as Class War: Building Socialism on a Warming Planet" and find many of his arguments really convincing – in particular where he discusses the need for broad strategic alliances, a materialist analyses, and class-based climate politics. 2/
In effect, many of the things he criticizes with respect to degrowth, are things that we also emphasize in our book with Andrea Vetter and @a_vansi
New study finds that the average carbon footprint in the top 1% of emitters is more than 75-times higher than that in the bottom 50%. The top 10% are contributing almost half of all emitted CO2. nature.com/articles/s4189…
Average country carbon footprints differ widely between countries – but must be drastically reduced in most regions to achieve climate targets.
In reducing emissions, we must mainly focus on the top 10% globally, who are responsible for almost half of all emmitted CO2.
We need equitable and sustainable degrowth. Here is our forthcoming book explaining this concept
50 years ago, the Club of Rome published its landmark report 'Limits to Growth'. Its scenarios, leading to a collapse of industrial growth by the 2040s, have sparked controversial debates - but also proved remarkably accurate ⬇️
In 2016, @ProfTimJackson@CUSP_uk published Limits Revisited: "There is unsettling evidence that society is still following the ‘standard run’ of the original study – in which overshoot leads to an eventual collapse of production and living standards." cusp.ac.uk/themes/p/limit…
In 2021, a @KPMG, one of the largest accounting firms in the world, found that the 1972 MIT study "appears to be accurate based on new empirical data."
The global concentration of capital is extreme: The richest 10% own around 60-80% of wealth, the poorest half less than 5%, according to just published World Inequality Report.
Economic growth does *not* lead to a more equal world.
While what we need to increase equality, combat the climate emergency and create the conditions for a good life for all is private sufficiency and public luxury, the opposite has been happening