Zero-Growth
Economic Regulation in the Socio-Ecological Transformation
DOI:
https://doi.org/10.32387/prokla.v53i210.2035Keywords:
Ecological Transformation, Zero Growth, Demand Control, Investment SteeringAbstract
The global ecological situation is deteriorating in such a way that only focusing on supply-side measures is insufficient and growth, especially in the Global North, has to be brought down to a low level, even as low as zero. To achieve this, it is necessary to control investment via an economically determined macroeconomic credit volume. In addition, state-owned companies in the public utility sector and a different ownership structure in joint-stock companies are also desirable. Income and wealth distribution must be adjusted to realise zero or low growth. Other areas would need deep reforms as well. Such changes are difficult to imagine in the existing capitalist system.
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