degrowth
Do we shrink our way out of the climate problem, or grow our way out?
Deliberately shrinking output as a climate strategy, and the arithmetic of who pays for it.
- BM
Branko Milanovic quoted
Their wordsKeeping so many people in abject poverty so that the rich can continue to enjoy their current standard of living is obviously something that the proponents of degrowth would not condone.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 2nd of 5 in this piece
- BM
Branko Milanovic quoted
Their wordsHow much of a reduction would this imply for the global top 27% (those with incomes above the global mean)? Their incomes would have to be cut by almost two-thirds.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 3rd of 5 in this piece
- BM
Branko Milanovic quoted
Their wordsThe world would have to move from an inequality level that is higher than that of South Africa to complete equality that has never existed in any recorded society.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 4th of 5 in this piece
- BM
Branko Milanovic quoted
Our readingThe way to cut emissions is to tax the most emission-intensive goods, not to stop growth.
Their wordsIt would make more sense, if we want to think seriously about how to reduce emissions, not to engage in the illusions of degrowth in a very poor and unequal world but to think how the most emission-intensive goods and services could be taxed in order to reduce their consumption.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 5th of 5 in this piece