Degrowth is not recession, it is democratic, sustainable, and equitable – only way to prevent societal breakdown or climate extinction (this one says degrowthers usually like UBI so don’t read against that w out econ)

To begin with, degrowth is not the same as negative GDP growth. Instead, degrowth envisions a society in which wellbeing does not depend on economic growth and the  and  consequences of its pursuit. Degrowth proposes an equitable, voluntary reduction of overconsumption in affluent economies.

Equally important is to shift the economy away from the ecologically and socially harmful idea that producing more stuff is always good. Instead, economic activity could focus on promoting care, cooperation and autonomy, which would also increase wellbeing and give people a bigger say in how their lives are run.

Yet, for many people the word smacks of misery and the type of frugality they are trying to escape from during the cost of living crisis.

But degrowth, if successfully achieved, would arguably feel better than a recession or a cost-of-living crisis. Here are three reasons why:

1. Degrowth is democratic

The first is the undemocratic and unplanned nature of a recession or cost-of-living crisis. Most citizens would agree, for example, that they had little to no control over the deregulation of the finance industry, and subsequent boom in sub-prime mortgage lending and derivatives trading that caused the 2008/09 financial crash.

Things would still be built – but not just to satisfy a need for growth. Oleg Totskyi / shutterstock

Degrowth, on the other hand, is a profoundly democratic project. It emphasises direct democracy and deliberation, which means citizens can shape which economic sectors are decreased and by how much, and which ones will grow and by how much.

One example of such a democratic endeavour is the , whose 108 members were selected through a civic lottery process and were broadly representative of the population. After listening to expert testimony, the assembly issued a number of  to support the UK’s net zero climate target. Over a third of all members prioritised support for sustainable growth. Economic growth itself was not among the top 25 priorities.

2. Degrowth would be egalitarian

Recessions, especially when coupled with fiscal austerity, tend to amplify existing inequalities by hitting the poorest members of society first, including , working-class communities and ethnic minorities.

Degrowth drastically differs from a recession because it is a redistributive project. For instance, a universal basic income), an unconditional monthly state payment to all citizens, is a popular policy with degrowthers.

The degrowth vision is that basic income should guarantee a dignified living standard, remunerate , and provide access to healthcare, food and accommodation for those in need. It could be financed by “” schemes that tax carbon and return revenues to the public.

3. Degrowth wouldn’t hinder climate action

In an economy reliant on growth, a recession is generally bad news for the environment.

For instance, for the UK to hit its net zero , it must make annual public investments of between £4 billion and £6 billion by 2030. A recession would threaten public spending as well as the confidence investors have in low carbon developments in transport, housing or energy.

But such investments do not have to depend on growth but could instead be made through collective and democratic decisions to make climate action a priority. Carbon taxes will play a large part in this, as will stopping fossil fuel subsidies like the  granted to develop the Rosebank oil and gas field in the sea north of Scotland.

To make sure we stay within the environmental limits within which we can safely operate, sometimes known as our , degrowth suggests democratically establishing limits on resource use. For example, global greenhouse gas emissions or non-renewable energy use could be  at a given level, and decline annually.

Sharing these resource “caps” among the population would ensure that while we stay within these safe environmental spaces, everyone has equitable access to the resources required to lead a fulfilling life. In contrast to the pursuit of endless growth, degrowth puts both climate action and human  at its heart.