this post was submitted on 16 Feb 2025
17 points (81.5% liked)
Degrowth
947 readers
8 users here now
Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think you are confusing personal growth with "number go up" as understood by GDP growth percentages and similar metrics.
Degrowth as a theory is mostly concerned with the latter and issues such as compound interest forcing continous and specifically continously accellerating economic growth.
Degrowth doesn't mean you as a person can't use your own labor to improve your living conditions and similar things. And such personal growth is only very indirectly related to economic growth.
Admittedly I need to learn more about degrowth. However, I feel GDP is just a manifestation of multiple cases of personal ambition.
Let's say we all worked to the point that we had equal, abundant luxuries. Surely at this point we are happy and need no more? Unfortunately I think this is not the case. If a person or a group identifies a route to greater success, or dominion over others, it's likely they will take it, just for the sake of being more powerful.
Then apply this not just to the individual, but to the group, and then to the nation.
Yes of course there is some relation between the aggregate of peoples' work and the GDP. I mean, that is what it is supposed to measure after all 😅
In reality it only measures monetized work though, and unpaid care work for example is neglected.
But indeed until we reach "fully automated luxury communism" there will be people that will try to amass wealth/power to make other people work for them... usually this is disguised as making money work for them in modern capitalist societies, i.e. stock-markets with all that entails.
The negative externalities of such a financial growth oriented society is what theories of degrowth mainly advocate against.