A reduction of economic activity is necessary and just – and can lead to human flourishing. To sustain the natural basis of our life, we must slow down. We have to reduce the amount of extraction, pollution, and waste throughout our economy. This implies less production, less consumption, and probably also less work.
The responsibility to do so must lie mainly on the rich, who currently enjoy a disproportionate share of our resources. But we should also do things differently, as much of today’s economic activity is of little benefit to human wellbeing.
A recent “sound bite” I’ve seen also puts this very starkly.
Our globalised world finds itself caught on the horns of a seemingly impossible dilemma – either cease growing, and so collapse the economy on which we all depend, or continue to grow until we overwhelm and destroy the ecosystems on which we all depend.