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Commentary :: Labor
Degrowth - A vocabulary for a new era, 19pp
21 Mar 2015
Growth in the developed economies might be coming to an end. This might be due to diminishing marginal returns (Bonaiuti, 2014), the exhaustion of technological innovations (Gordon 2012) or limits in creating effective demand and investment outlets for capital accumulating at a compound interest rate (Harvey 2010).
http://vocabulary.degrowth.org/wp-content/uploads/2014/11/Degrowth-vocabulary_Introduction-Degrowth_Kallis-Demaria-Dalisa.pdf

As the late Eric Hobsbawm (2011: 12) put it very late in his long life, ‘there is a patent conflict between the need to reverse or at least to control the impact of our economy on the biosphere and the imperatives of a capitalist market: maximum growth in search for profit’. Two premises underlie this statement. The first was defended in Section 3.1: economic growth unavoidably increases throughput and negatively impacts the biosphere (against the argument of proponents of green growth or green capitalism that it is possible to both grow and reduce environmental impact). The second is that growth is an imperative under capitalism
See also:
http://www.freembtranslations.net
http://www.kickitover.org
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