Solutions

There are already a number of proposed solutions out there that seek to address the problems caused by the current global economic system and that suggest an alternative approach that provides more enduring prosperity for more people. Our goal is to highlight the various possible solutions, to encourage a broad discussion about them and to provide a platform for everyone, who is interested in participating in this discussion. Below is a list of alternatives that will continue to grow.

Degrowth

Degrowth is a political, economic, and social movement based on ecological economics and anti-consumerism. It is a response to the limits-to-growth argument that was first articulated by the think tank Club of Rome in its report entitled The Limits to Growth, which was published in 1972. Proponents of degrowth view overconsumption as a critical problem that led, among other things, to rising inequality and ecological disasters. Growth, which is intertwined with consumerism, is seen as the cause of these problems. Furthermore, they argue, growth has “become uneconomic, ecologically unsustainable and intrinsically unjust.” To replace economic growth as they central goal of the economic system, proponents of degrowth advocate “the democratically-led shrinking of production and consumption with the aim of achieving social justice and ecological sustainability.”

Caring Economy

A caring economy can be defined as “an economic system in which genuine caring for people and nature is the top priority.” There has been a growing attempt by economic and psychology researchers to study caring economics, foremost this effort has been led by Prof. Tania Singer (Director of at the Max Planck Institute for Human Cognitive and Brain Sciences) and Prof. Dennis Snower (President, Kiel Institute for the World Economy). In addition, Riane Eisler has led the Caring Economy Campaign, which seeks to “shift economic measurements, policies, and practices from the current focus on GDP and Wall Street to a humane and prosperous economy that recognizes the enormous return on investment in the most important, yet undervalued, human work: the work of caring for and educating people, starting in early childhood.”