Credit: Newsweek
In the midst of today’s cost of living crisis, many people who are critical of the idea of economic growth see an opportunity. In their recent book The Future is Degrowth, for example, prominent advocates Matthias Schmelzer, Aaron Vansintjan and Andrea Vetter argue that the post-COVID inflation has predominantly been caused by the inherent instability in the capitalist system.
This came in the form of problems with global supply chains and the asset price inflation which stemmed from government action in response to the pandemic. Since the same system is, in their view, also…
