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Future of the economy: Post-growth as a salvation for the climate and humanity
Discussion about sustainable economy and social justice in the context of the climate crisis and extreme wealth calls for rethinking.
Future of the economy: Post-growth as a salvation for the climate and humanity
A current discussion about the future economy focuses on the challenges posed by the climate crisis, conflict and social inequality. Experts agree that infinite growth is not possible on a finite planet. In this context, proposals for a sustainable economy and a fairer distribution of wealth are discussed. Among other things, higher taxation of wealth is called for in order to combat existing inequalities.
In an open letter, more than 370 millionaires and billionaires have called for the introduction of higher taxes for the super-rich. They warn that extreme wealth poses a threat to democracy. It is also encouraged to discuss concepts for a post-growth economy in which companies are no longer focused on growth. The criticism of the profit-oriented market economy, which creates social injustices, is also at the center of the considerations. These ideas could serve as a basis for future discourses, such as at the next meeting in Davos in 2026 ZDF reports.
Post-growth economics in focus
The concept of post-growth economics is becoming increasingly important in the discussion about a sustainable economy. It is an approach that moves away from the dogma of constant economic growth. Traditional economics aims to strengthen the economy through more production and consumption, while post-growth economics emphasizes that unlimited growth on a finite planet is unsustainable. At the heart of this approach is the idea of focusing on quality over quantity to create a more stable economy that serves people and the environment.
Sustainability plays a central role in the post-growth economy; Economic activities should be designed to conserve resources and preserve the ecosystem. At the same time, emphasis is placed on the longevity and repairability of products. Social justice and a mindful lifestyle are also components of this model. Other elements include promoting local economic cycles and supporting sustainable companies. The transition to a post-growth economy should be facilitated by laws and political incentives, such as sustainability-wirtschaft.de reports.