Do We Need Economic Growth?

May 28, 2023 | Economics, Videos

Growth is a crucial part of life – both for individuals and the global economy. Although all living beings reach a point at which their growth stops, the world’s economy shows no sign of slowing down. But what would happen if the global economy did stop growing? Is it even possible to envision such a future?

In order to better understand this hypothetical scenario, it’s important to consider its potential implications. Without continued growth, certain parts of the world could become stagnant: meaning that countries with already-high GDPs might not see any further increases or decreases in their standard of living. On the other hand, countries with lower incomes may find themselves stuck in a cycle from which they are unable to escape. This could lead to increased poverty and inequality, as well as greater social unrest – all of which would have an impact on our collective future.

For a more detailed look at these issues, viewers should check out The New Economy Documentary Series: ‘Is Growth Possible Without Exploitation?’ In this short film, leading economists and experts explore how an economy without growth could work, and possible alternatives that could be explored in order to ensure sustainable development. It is an enlightening look into potential solutions that could help us transition away from our current economic model – one based on perpetual growth and exploitation.

Today’s economic system has worked for some countries but not for others; think about developing countries that often remain trapped in cycles of poverty due to external forces beyond their control. By shifting our focus from perpetual growth to equitable sharing and sustainability, we can create a better future for all. With so much at stake, now is the time to watch The New Economy Documentary Series: ‘Is Growth Possible Without Exploitation?’ It explores complex topics in clear terms – giving us actionable strategies we can use when creating economic models for the future.

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David B