Media library

Introduction: Tom Rogan in the Washington Examiner wrote a very interesting piece on the new expression of an old idea–”degrowth.” (see http://www.washingtonexaminer.com/the-far-left-has-an-idiotic-new-craze-reduce-economic-growth/article/2631274). He leads with these words: “Even the Soviets sought to maximize economic output. But today’s contemporary far-left are far bolder: they believe that economics itself is wrong.” He writes further, “From their perspective, government shouldn’t simply control the means of economic production (socialism), it should actively work to reduce gross domestic product (GDP).” Yes, you read that correctly. The far-left has now come to the conclusion that economic growth is bad in itself and that nations ought to reduce GDP (the standard measure of economic growth). This view comes from some at the London School of Economics and others. It bears some resemblance to earlier movements like the Luddites of the early nineteenth century, but the latter’s resistance was to technology, not to growth per se.