What does degrowth mean? A few points of clarification

Abstract

Degrowth is a planned reduction of energy and resource use designed to bring the economy back into balance with the living world in a way that reduces inequality and improves human well-being. Over the past few years, the idea has attracted significant attention among academics and social movements, but for people new to the idea it raises a number of questions. Here I set out to clarify three specific issues: (1) I specify what degrowth means, and argue that the framing of degrowth is an asset, not a liability; (2) I explain how degrowth differs fundamentally from a recession; and (3) I affirm that degrowth is primarily focused on high-income nations, and explore the implications of degrowth for the global South.