Nine years ago I attended the first high profile degrowth seminar in Finland. While I was new to the topic, the argumentation made sense and I became increasingly involved with the degrowth movement that debates and advocates for giving up on our cultural and political dependency on economic growth.
In September 2018, there was a historical conference held at the European Parliament focusing on post-growth. In relation to that, a group of academics put together an open letter to European institutions and its member states. The letter was signed by over 200 researchers in social and natural science, including myself. In the momentum, there is now a petition open to everyone to sign demanding Europe to stop its growth dependency. If you feel that this is a direction Europe should take, please sign the petition.
The open letter arguments for reconsidering economic growth as a primary policy goal and replacing it with maximising wellbeing for humans, nonhuman animals and the planet as a whole. The letter also includes four powerful policy recommendations for European Union, its institutions and its member states:
- “Constitute a special commission on Post-Growth Futures in the EU Parliament. This commission should actively debate the future of growth, devise policy alternatives for post-growth futures, and reconsider the pursuit of growth as an overarching policy goal.
- Incorporate alternative indicators into the macroeconomic framework of the EU and its member states. Economic policies should be evaluated in terms of their impact on human wellbeing, resource use, inequality, and the provision of decent work. These indicators should be given higher priority than GDP in decision-making.
- Turn the Stability and Growth Pact (SGP) into a Stability and Wellbeing Pact. The SGP is a set of rules aimed at limiting government deficits and national debt. It should be revised to ensure member states meet the basic needs of their citizens, while reducing resource use and waste emissions to a sustainable level.
- Establish a Ministry for Economic Transition in each member state. A new economy that focuses directly on human and ecological wellbeing could offer a much better future than one that is structurally dependent on economic growth.”