r/Degrowth • u/idioticleftist • 7h ago
r/Degrowth • u/_ceg • 6h ago
Degrowth and National Debt
Hi all, I'm halfway through Jason HIckel's Less is More, and I've been very interested to understand more clearly how capitalism has anchored itself to growth through debt and investment, and the necessity of everything just continuously going up.
So it's clear we need change. How do we do that? The most practical route is to build a political movement, get into government, and put policies in place to break the cycle. The problem I'm looking at is that it's not just companies and campitalists that are bought into the growth system, governments are also (often heavily) leveraged with national debt. So any policies that act against GDP growth will probably also push the country in the direction of defaulting on national debt.
Am I right in thinking that? Are there solutions for this? Can anyone point me towards research done on this?