Logo degrowth
Scientific paper

Text

Degrowth or regrowth?

Author:
Mark Whitehead

Entry type:
Scientific paper

Year of publication:
2013

Publishers:
Environmental Values

Language:
English

External content:
To the content

From the text: If you ask people what they remember most about the financial crisis of 2008 you are likely to hear phrases such as the subprime bubble, toxic assets, Bear Stearns or Northern Rock. As an environmentalist, the main focus of my recollections is slightly different. What I remember most vividly was the desperation with which central bankers and politicians sought to immediately chart a path that would lead us out of economic recession and back to economic growth. It appeared that, regardless of the financial, social and environmental costs associated with unfettered economic growth, the primary political priority was to return us to the collective safety and prosperity that only growth could secure. The subsequent lowering of interest rates, quantitative easing and reductions in value added tax rates were all devoted to increasing consumption, stimulating production and re-growing the economy.



Environmental Values Vol.22, No.2, 141-145.

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