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“When capital has bumped up against limits to profit-growth in the past, it has found fixes in things like colonisation, structural adjustment programmes, wars, restrictive patent laws, nefarious debt instruments, land grabs, privatisation, and enclosing commons like water and seeds. Why would it be any different this time? Indeed, a study by the ecological economist Beth Stratford finds that when capital faces resource constraints, this is exactly what happens: it turns to aggressive rent-seeking behaviour. It seeks to grab existing value wherever it can, with clever mechanisms to suck income and wealth from the public domain into private hands, and from the poor to the rich, exacerbating inequality.”

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“Consider this thought experiment: if Portugal has higher levels of human welfare than the United States with $38,000 less GDP per capita, then we can conclude that $38,000 of America’s per capita income is effectively ‘wasted’. That adds up to $13 trillion per year for the US economy as a whole. That’s $13 trillion worth of extraction and production and consumption each year, and $13 trillion worth of ecological pressure, that adds nothing, in and of itself, to the fundamentals of human welfare. It is damage without gain. This means that the US economy could in theory be scaled down by a staggering 65% from its present size while at the same time improving the lives of ordinary Americans, if income was distributed more fairly and invested in public goods.”

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Book:Less Is More: How Degrowth Will Save the World
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“Upper-middle income and high-income nations – countries over the threshold of $10,000 per capita – could in theory deliver flourishing lives for all, achieving real progress in human development, without needing any additional growth in order to do so. We know exactly what works: reduce inequality, invest in universal public goods, and distribute income and opportunity more fairly.”

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“Growthism is little more than ideology – an ideology that benefits a few at the expense of our collective future. We’re all pushed to step on the accelerator of growth, with deadly consequences for our living planet, all so that a rich elite can get even richer. From the perspective of human life, this is clearly an injustice. And indeed we have been aware of this problem for some time. But from the perspective of ecology, it is even worse – it is a kind of madness.”

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“Once we grasp the scale of national and global inequalities, then the narrative that seeks to cast GDP growth as a proxy for human progress begins to seem a bit tendentious – perhaps even a bit ideological. And by ideology I mean in the technical sense: a set of ideas promoted by the dominant class, which serves their material interests, and which everybody else has internalised to such an extent that they are willing to go along with a system they might otherwise reject as unjust. The Italian philosopher Antonio Gramsci has called this ‘cultural hegemony’: when an ideology becomes so normalised that it is difficult or even impossible to reflect on it.”

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Book:Less Is More: How Degrowth Will Save the World
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“Those who insist that aggregate growth is necessary to improve people’s lives force us into a horrible double-bind. We are made to choose between human welfare or ecological stability – an impossible choice that nobody wants to face. But when we understand how inequality works, suddenly the choice becomes much easier: between living in a more equitable society, on the one hand, and risking ecological catastrophe on the other.”

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Book:Less Is More: How Degrowth Will Save the World
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“We know exactly what we need to do in order to avert climate breakdown. We need to mobilise a rapid rollout of renewable energy – a global Green New Deal – to cut world emissions in half within a decade and get to zero before 2050. Keep in mind that this is a global average target. High-income nations, given their greater responsibility for historical emissions, need to do it much more quickly, reaching zero by 2030. It is impossible to overstate how dramatic this is; it is the single most challenging task that humanity has ever faced. The good news is that it is absolutely possible to achieve. But there’s a problem: scientists are clear that it cannot be done quickly enough to keep temperatures under 1.5°C, or even 2°C, if we keep growing the economy at the same time. Why? Because more growth means more energy demand, and more energy demand makes it all the more difficult – impossible, in fact – to roll out enough renewables to cover it in the short time we have left.”

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Book:Less Is More: How Degrowth Will Save the World
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