Alternative Economics

Rather than insisting on external limits, environmentalists should call for society to make its own.

Everyone agrees that we are in the midst of a massive financial and economic crisis – but how can it be resolved? A new publication from Green House think tank, ‘The Post Growth Project’, sets out to critically examine why growth is regarded as so central to our economic system, and to challenge the assumption that it is ‘bad news’ when the economy doesn’t grow.

Today’s mainstream economic debate around investment vs. austerity is failing, but a truly comprehensive Green New Deal could offer the alternative. The right support from the EU and national governments could encourage different structures of business ownership, focused on sustainability and social ownership that will help the transition to a truly sustainable economy.

The 21st century presents a fascinating paradox: never before in its history has humanity reached such an advanced and refined level of technological development, but never has it come so close to the ecological precipice and global collapse. If this contradiction is to be overcome, political ecology must focus on two priorities: the relocalisation of the economy and the democracy of self-limitation.