A group of over 1,000 experts and organisations have written an open letter questioning the world’s strategy, and suggesting a transformative change as we move beyond the COVID-19 pandemic that has gripped us all.
For a more just and equitable society, they argue, “degrowth” is the way to go. This, they say, will require an overhaul of the capitalist system – “a planned yet adaptive, sustainable, and equitable downscaling of the economy, leading to a future where we can live better together with less”. They have put forth five principles which they believe will help create a more just future.
Blind faith in the market system and pursuits like “green growth” will not make matters any better, they argue.