low economic growth JOHN WESSELS/AFP/Getty Images

The “No-Growth” Prescription for Misery

A growing number of academics are claiming that economic growth must stop because the planet is crossing environmental boundaries, and inequality between humans is increasing. They are wrong on both counts, and their agenda is a recipe for keeping poor people poor.

LONDON – From their ivory towers, nearly 240 academics have declared that economic growth is bad for Europe and the planet. In two months, they and global supporters of the “no-growth economy” have held conferences in Mexico City, Malmö, and Brussels.

Their efforts herald a return to an earlier, thoroughly debunked form of alarmist environmentalism that is detached from reality and disdainful of billions of the world’s people.

The campaigners claim we must stop economic growth because the planet is crossing environmental boundaries, and inequality between humans is increasing.

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