Farewell Globalization
To solve the Climate Crisis increasing economic productivity and energy efficiency is not sufficient. Absolute decoupling of economic growth and environmental degradition, including global warming is not feasible (Hickel and Kallis (2019) Is Green Growth Possible?). We will have to stop economic growth itself or even degrow on a global scale. Growth economists have always had models that in the long run end in a steady state. That’s just mathematics. Many economists have been thinking about ‘steady state economics’ for a long time....