The triple nature of the crisis - are growth-oriented economies able to handle it? an alternative - the theory of de-growth /

The world has been facing an economic crisis from 2008 and is still trying to overcome it. The current crisis has two forgotten dimensions – social and environmental – which started decades ago. Territorial and income inequalities are widening at all levels – global, national and regional – despite...

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Bibliographic Details
Main Author: Dombi Judit
Format: Book part
Published: 2014
Series:Crisis Management and the Changing Role of the State
Kulcsszavak:Gazdaságpolitika
Online Access:http://acta.bibl.u-szeged.hu/57526
Description
Summary:The world has been facing an economic crisis from 2008 and is still trying to overcome it. The current crisis has two forgotten dimensions – social and environmental – which started decades ago. Territorial and income inequalities are widening at all levels – global, national and regional – despite of the economic growth of the last decades. In addition, after meeting the basic needs – e.g. food, drinking water and healthcare – happiness does not correlate strongly with material well-being but rather with other qualitative factors influencing our lives. Moreover, nature’s carrying capacity is finite and we already caused several global problems like damaged ozone layer, climate change, and the overuse of other global common pool resources (rainforests, oceans). More than 20 years after the beginning of the discussions about sustainable development we are still unable to find an overall solution for the unsustainable environmental and social processes. Current economies are growth-oriented based on the institutions of capitalism and most of us are waiting for the solution of today’s problems from economic growth. But if growth is the problem itself, then it cannot handle these problems. Present capitalist economies are not capable of not growing because without economic growth they collapse and new problems emerge beside the aforementioned ones. As an alternative, the theory of de-growth suggests that we should reconsider our goals and means. The actual growth-based economic system and its institutions should be restructured and new means should be used. The democratic and peaceful transition should help to move towards real sustainability.
Physical Description:189-201
ISBN:978-963-306-340-8