Goodbye ‘Shop Til You Drop’ Mentality: Renegade Band of Economists Call for ‘Degrowth’ Economy

[Articles and opinion pieces published in this blog do not necessarily reflect the polices and opinions of the organizers of the International Conference on Degrowth in the Americas. They are posted here to stimulate discussion and debate on issues relevant to degrowth.]

What if all roads to prosperity don’t lead to the shopping mall, as most economists would have us believe? What if, in fact, all that shopping — and the imperative to grow corporate profits quarter after quarter and continuously expand the economy — was actually the root of many of the problems we face today?  That’s the view of a renegade but increasingly influential band of economists, who say the myth of perpetual economic growth and “the iron cage of consumerism” are the chief causes of world economic dysfunction and environmental crisis — and the biggest obstacle to our very happiness.

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