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Degrowth requires the Global South to default on its foreign debts

By: Charles Stevenson

Degrowth must confront the structural lock-ins of capitalism starting with the debt crisis trapping the Global South in poverty and extractivism.

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A Coherent Monetary Theory is a Threat to the Capitalist State

By: Charles Stevenson, Ellen Helker-Nygren

Marxian political economists often criticise Modern Monetary Theory (MMT) for its lack of class analysis. While these critiques are right to point out that MMT has often been presented as the saviour of capitalism and growth, its insights are also of use to those who wish to see an end to capitalism and growth. While many proponents of MMT are not interested in a world beyond capitalism, the...

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The case for abandoning GDP – An intersectional perspective Pt. 2

By: Sonja Hennen

GDP is a flawed guide to prosperity. What else should we measure if we want to do better? “The welfare of a nation can scarcely be inferred from a measurement of national income”. Those were the words of Simon Kuznets, who developed the first national income accounts in the United States. And yet, we look back on decades of appropriating GDP as a measure of social welfare and progress. With the...

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Pausing the game of growth

By: Timothée Parrique

I feel personally guilty for the pandemic. At the beginning of March, I published my PhD dissertation “The Political Economy of Degrowth”, whose introduction ended with the following words: “Let me invite you into a wild thought experiment. Imagine that in one year, it will all stop. In precisely 365 days, the economy will come to a halt. Imagine the economy gone and all of us frozen in social...