In May 2023, the European Parliament hosted its “Beyond Growth” conference, inspired by the concepts of “degrowth” and “post-growth.” The basic idea is that the world faces an extensive ecological crisis. To solve this, advanced economies, like the USA and Europe, should halt economic growth and even downsize their economies.
It is time to “de-develop” the West, as one of the leading advocates of “Degrowth,” Jason Hickel, has stated. Hickel defines Degrowth as ``a planned reduction of energy and resource use designed to bring the economy back into balance with the living world in a way that reduces inequality and improves human well-being.”