The word degrowth stands for a family of political-economic approaches that, in the face of today’s accelerating planetary ecological crisis, reject unlimited, exponential economic growth as the definition of human progress. To abandon economic growth in wealthy societies means to shift to zero net capital formation. With continual technological development and the enhancement of human capabilities, mere replacement investment is able to promote steady qualitative advancements in production in mature industrial societies, while eliminating exploitative labor conditions and reducing working hours.
Why would net zero capital formation do any of that? Technological development (I assume they mean total factor productivity increases) would still deliver both GDP and ohysical economy growth even with net zero capital formation. We’d be right where we are – maybe slower, but in the long term the same.
They’re just throwing words around, aren’t they?