Degrowth Funded by 19th-Century Fortunes: Investigation Exposes Hidden Donors
The 19th-Century Family Fortunes Funding Degrowth
An Effort News investigation reveals that Partners for a New Economy (P4NE), the main funder of the degrowth roadmap NEEP, is financed by heirs to 19th- and 20th-century fortunes, including the Bosch, Getty, and C&A dynasties. Using Swiss bank accounts to obscure donations, P4NE received millions from foundations like Oak, Ford, and Omidyar. The report argues that these wealthy backers are insulated from the economic contraction they advocate, calling degrowth an extension of inherited wealth.
The reality is that donors give money to causes because those causes advance their goals.
- Legend2440
Degrowth is such a stupid idea. All the things that make your life better - housing, healthcare, education, food, iphones, air conditioning, cars, and more - are forms of wealth.
You cannot have more of them without economic growth, because these things are economic growth.
- kubb
Well, it makes sense for them. If everyone is to get a better life, the planet will burn, and they won't be able to enjoy it. And they're already wealthy, so as long as everyone else stays where they, are, things won't have to change for them.
Another story are developed societies where there's enough resources and infrastructure for everyone to live a decent life already. They can genuinely focus on sustainability, not on growth.
- m463
I've never heard of this.
Degrowth is an academic and social movement, predominantly in Europe, aimed at the planned and democratic reduction of production and consumption as a solution to social-ecological crises. Commonly cited policy goals of degrowth include reducing the environmental impact of human activities, redistributing income and wealth within and between countries, and encouraging a shift from materialistic values to a convivial and participatory society. [1]
Seems like it goes against human nature.