Science has established without a doubt that, in today’s “full-world economy,” it is necessary to operate within an overall Earth System budget with respect to allowable physical throughput. However, rather than constituting an insurmountable obstacle to human development, this can be seen as initiating a whole new stage of ecological civilization based on the creation of a society of substantive equality and ecological sustainability, or ecosocialism. Degrowth, in this sense, is not aimed at austerity, but at finding a “prosperous way down” from our current extractivist, wasteful, ecologically unsustainable, maldeveloped, exploitative, and unequal, class-hierarchical world. Continued growth would occur in some areas of the economy, made possible by reductions elsewhere. Spending on fossil fuels, armaments, private jets, sport utility vehicles, second homes, and advertising would need to be cut in order to provide room for growth in such areas as regenerative agriculture, food production, decent housing, clean energy, accessible health care, universal education, community welfare, public transportation, digital connectivity, and other areas related to green production and social needs.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Science has established without a doubt that, in today’s “full-world economy,” it is necessary to operate within an overall Earth System budget with respect to allowable physical throughput. However, rather than constituting an insurmountable obstacle to human development, this can be seen as initiating a whole new stage of ecological civilization based on the creation of a society of substantive equality and ecological sustainability, or ecosocialism. Degrowth, in this sense, is not aimed at austerity, but at finding a “prosperous way down” from our current extractivist, wasteful, ecologically unsustainable, maldeveloped, exploitative, and unequal, class-hierarchical world. Continued growth would occur in some areas of the economy, made possible by reductions elsewhere. Spending on fossil fuels, armaments, private jets, sport utility vehicles, second homes, and advertising would need to be cut in order to provide room for growth in such areas as regenerative agriculture, food production, decent housing, clean energy, accessible health care, universal education, community welfare, public transportation, digital connectivity, and other areas related to green production and social needs." in the context of ""Planned Degrowth: Ecosocialism and Sustainable Human Development". (July 1, 2023), ''Monthly Review." to mean that wisdom is timeless.