- Jan 2023
Wealthy countries can create prosperity while using less materials and energy if they abandon economic growth as an objective.
!- related to : Post Colonialist Unequal Exchange and drain - As per Jason Hickel et al article "Imperialist appropriation in the world economy: Drain from the global South through unequal exchange, 1990–2015" - https://hyp.is/go?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS095937802200005X&group=world
!- Wealthy country degrowth : comment - From the findings of the related article above, the Global North has a very compelling responsibility to degrow AND to help the Global South develop within planetary boundaries. - This is all stated in the climate justice argument, but, as mentioned by Prof. Kevin Anderson in a passing comment, 100 billion is a drop in the bucket. Transfers will need to be in the trillions - Kevin Anderson talk: CO2 budgets 2022: Allocating Global Carbon Budgets to Nations - https://hyp.is/go?url=http%3A%2F%2Fdocdrop.org%2Fvideo%2F35-1n1ZowvM%2F&group=world - Still, the term degrowth is unpopular with mainstream economists. Perhaps a better strategy is to frame it as simultaneous degrowth of MATERIALISM of Global North countries but regrowth of NON-MATERIALIST wealth of Global North Economies and both MATERIALIST and NON-MATERIALIST growth of Global South countries.