Degrowth (décroissance) is a term used for both a political, economic, and social movement as well as a set of theories that criticise the paradigm of economic growth. Degrowth is based on ideas from political ecology, ecological economics, feminist political ecology, and environmental justice, arguing that social and ecological harm is caused by the pursuit of infinite growth and Western "development" imperatives.
Degrowth argues for a reduction in global consumption and production (social metabolism) and advocates a socially just and ecologically sustainable society with social and environmental well-being replacing gross domestic product (GDP) as the indicator of prosperity. Degrowth aims for social reorganisation that modifies the flow and usage of material. This restructuring aims to shift away from mainstream (capitalist) economic activity. While GDP is likely to shrink in a "degrowth society", i.e. in a society in which the objectives of the degrowth movement are achieved, this is not the primary objective of degrowth. The main argument of degrowth is that an infinite expansion of the economy is fundamentally contradictory to the finiteness of the Earth. Degrowth highlights the importance of care work, self-organization, commons, community, open localism, and work sharing.
The "degrowth" movement arose from concerns over the consequences of the productivism and consumerism associated with industrial societies (whether capitalist or socialist) including:
The reduced availability of energy sources (see peak oil)
The declining quality of the environment (see Anthropocene, global warming, pollution, current biodiversity loss)
The decline in the health of flora and fauna upon which humans depend (see Holocene extinction)
The rise of negative societal side-effects (see unsustainable development, poorer health, poverty)
The ever-expanding use of resources by First World countries to satisfy lifestyles that consume more food and energy, and produce greater waste, at the expense of the Third World (see neocolonialism)
In 2017, Inês Cosme and colleagues summarised the research literature on degrowth, finding that it focussed on three main goals: (1) reduction of environmental degradation; (2) redistribution of income and wealth locally and globally; (3) promotion of a social transition from economic materialism to participatory culture.
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A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a stationary state of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity.
Postdevelopment theory (also post-development or anti-development or development criticism) holds that the whole concept and practice of development is a reflection of Western-Northern hegemony over the rest of the world. Postdevelopment thought arose in the 1980s out of criticisms voiced against development projects and development theory, which justified them. The postdevelopment critique holds that modern development theory is a creation of academia in tandem with an underlying political and economic ideology.
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