: Blog

We continue our series exploring alternative economic models. Here in the second part of our series on Degrowth, a model that calls for deliberately reducing energy and resource consumption within the economy, we examine the criticisms of degrowth.

The concept of Degrowth challenges the conventional belief that endless economic growth is the only thing to strive for. It offers a vision for a sustainable future by addressing the environmental and social costs of growth-focused economies.

Social capitalism is an approach that prioritises people’s welfare over profit. It’s capitalism with a focus on improved social outcomes and more environmental sustainability. But can capitalism be adapted to put people and planet before profit? 

The Local Economy focuses on fostering sustainable growth, creating job opportunities, and enhancing the quality of life within a specific community or region. This approach strengthens communities’ economies by supporting local businesses, promoting entrepreneurship, and fostering collaboration among stakeholders.  

How can we reorient economies to prioritise people and the planet over profit? The Care Economy is one such reimagining, that values human wellbeing and sustainability above traditional profit-driven approaches, which undervalue and neglect care work. 

When we think of economic growth, it’s often assumed that more is always better. But for Herman Daly, one of the founding voices in ecological economics, this growth mindset is fundamentally flawed.