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Learn 101

22 - What is Degrowth and Could It Be the Future?

What is Degrowth (and Why Does It Sound So Scary)?

Let’s start by addressing the elephant in the room: "degrowth" doesn’t sound like a party. It conjures images of shrinking economies, abandoned factories, and everyone trading their smartphones for a goat. But don’t worry - it’s not about taking us back to the Stone Age.
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Degrowth is an economic philosophy that challenges the idea of endless growth on a planet with finite resources. It argues that our obsession with "more, bigger, faster" is driving environmental destruction, widening inequality, and making us miserable in the process. Instead of focusing on gross domestic product (GDP) as the ultimate measure of success, degrowth emphasizes well-being, sustainability, and fairness.
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Here’s the core idea: rather than continuously expanding production and consumption, we shift to an economy that prioritizes meeting everyone’s basic needs while staying within planetary boundaries. Think less "Black Friday frenzy" and more "sharing, reusing, and actually enjoying life." Sounds less scary now, doesn’t it?

Why Do We Need Degrowth?

The critics of degrowth often argue, "Why stop growing if growth makes us richer?" Well, here’s the catch: our current growth-driven system comes with some pretty hefty side effects. Let’s break it down:
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  1. Environmental Limits:
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    • The global economy demands more resources than Earth can replenish. Currently, humanity is using 1.7 Earths’ worth of resources annually. By the time we hit August each year, we’ve already "spent" our planet’s resource budget (Happy Overshoot Day?).
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    • Growth fuels emissions. More production = more energy use = more greenhouse gases. Even with renewable energy, there’s only so much the planet can handle.
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  2. Quality vs. Quantity of Life:
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    • Despite rising GDP, many people aren’t happier. Studies show that after basic needs are met, more consumption doesn’t necessarily lead to greater well-being. In fact, it often creates stress (hello, credit card debt!).
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    • Degrowth isn’t about less for the sake of less—it’s about focusing on what actually improves life, like community, health, and a stable climate.
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  3. Inequality and Overconsumption:
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    • The richest 10% of people are responsible for nearly 50% of global emissions, while the poorest 50% contribute only 10%. A degrowth economy would redistribute resources more equitably, reducing the burden on vulnerable populations.
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Key Fact: If everyone consumed resources like the average person in the U.S., we’d need five planets to sustain the lifestyle. Unfortunately, we only have one (and Mars isn’t ready yet).

Could Degrowth Actually Work?

Now that we’ve established why degrowth is worth considering, let’s look at how it could work - and yes, there’s room for humor in imagining this transition.
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  1. Rethink What We Value:
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    • Instead of GDP, we measure progress by metrics like well-being, community health, and environmental sustainability. Imagine a world where "economic success" means less pollution, more bike lanes, and fewer sleepless nights over rent.
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  2. Downshift Without Doom:
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    • Degrowth doesn’t mean no growth anywhere. It means scaling down industries that harm the planet (fossil fuels, fast fashion, planned obsolescence) while scaling up sustainable sectors like renewable energy, healthcare, and education.
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    • It’s like Marie Kondo for the economy: keep what sparks joy, ditch the wasteful excess.
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  3. Redistribute and Simplify:
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    • Wealth redistribution ensures everyone’s basic needs - food, housing, healthcare - are met, even as we produce and consume less. Imagine fewer billionaires building rocket ships and more communities thriving.
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    • Shorter workweeks could become the norm, giving people more time for family, hobbies, and Netflix marathons (responsibly, of course).
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  4. Examples in Action:
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    • Countries like Bhutan focus on Gross National Happiness instead of GDP, prioritizing well-being and environmental protection.
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    • Cities like Amsterdam are embracing the "doughnut economy," a model that balances human needs with planetary boundaries.
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What About the Skeptics?
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Let’s be honest: degrowth isn’t an easy sell. People fear it means sacrifice and scarcity, but advocates argue it’s about abundance - of time, nature, and meaningful connections. It’s about trading endless consumption for a sustainable and satisfying way of life. As one humorist put it, "Degrowth isn’t about having less; it’s about having less stuff and more life."
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So, could degrowth be the future? Maybe. It’s not a one-size-fits-all solution, but it’s a thought-provoking response to the question: How do we live well within the limits of one planet? Whether or not we call it "degrowth," rethinking our priorities is essential for building a sustainable future.