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What Branko Milanovic thinks about degrowth

@branko-milanovic · 20 positions · 0 changes of mind

Economist specialising in global income inequality; formerly lead economist in the World Bank research department, now at the CUNY Graduate Center.

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4 dated positions, 2017, in their own words. Our reading of what Branko Milanovic has said — not written or endorsed by them.

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  1. Our readingFreezing world output at today's level would condemn a quarter of humanity to permanent abject poverty.

    Their wordsThen, unless we change the distribution of income, we are condemning to permanent abject poverty some 15 percent of world population that currently earn less than $1.90 per day and some quarter of humankind who earn less than $2.50 per day.

    ↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 1st of 5 in this piece

  3. Our readingDegrowth shared out equally would cut the incomes of everyone above the world average by about two-thirds.

    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

  5. Our readingDegrowth would require the world to go from an inequality worse than South Africa's to a complete equality no recorded society has ever had.

    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

  7. 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