I hope you enjoy reading this article.
If you want my team to cover your story, write us at [email protected]


De-growth shouldn’t frighten businesses

The idea of degrowth was dated back to the 1970s when a group of French intellectuals conducted by the philosopher Andre Gorz offered a simple idea: In reply to mounting environmental and social problems, they proposed that the only real solution was to assemble and consume less to decrease your economies to cope with the carrying capacity of our planet. 

The scheme was examined many times at the time to be complete. But with today’s climate crisis, debates around degrowth have been a strength too, and many vital figures such as Noam Chomsky, Yanis Varoufakis and Anthony Giddens have, to different degrees, expressed hold up for the plan.

Most business leaders’ degrowth is completely unbelievable, not equally because of the anti-capitalist and anti-consumerist roots of the term. The winning view is that growth is an economy that is important, and any threat to that not only impairs business but fundamental societal functioning. 

For example, the CEO of H&M Karl-Johann Persson currently alerted about the dire social outcome of what he recognized to be a movement of “consumer shaming.” Framed in these terms, the rebuff of multinational CEOs and entrepreneurs alike is predictable, as is the unwillingness of politicians to upgrade degrowth policies that would possibly make them unknown with key constituents. 

The economist Tim Jackson gives a brief assessment: “Questioning growth is examined to be the act of lunatics, idealists, and revolutionaries.”

Still, there are problems with these perspectives. 

First, given the limited nature of your planet, boundless economic growth — even of a different variety — is an intellectual impossibility. 

Secondly, innovation and improvements produce, in many occasions , Indesign results. One of which is the Jevons paradox, where separately compensates for efficiency through expanded consumption. For example, more energy-efficient refrigerators take to more refrigerators in a home.

The third and most major issue is that the degrowth movement has already started: at a grassroots level, consumer order is actively being changed, despite political and corporate introversion. A recent YouGov poll in France focused that 27% of offenders are seeking to consume less than the percentage from two years before. The number of people eating less meat or giving it up altogether has been rising aggressively in recent years, too.

Similarly, the movement of Flygskatt (literally “flight shaming” in Swedish) has had early successes in decreased pollution: 10 Swedish airports have reported a decrease in passenger traffic over the past year, which they assign directly to Flygskatt.

In the apparel industry, fast fashion is still popular as early, but garment manufacturers like H&M are preparing for a backlash as consumers voice raising criticism of the ecological effect of clothing. 

Accounts such as these aim to show how consumers in many contexts are expanding conscious of the negative consequences of consumerism and are looking to change their habits. You are witnessing the emergence of consumer-driven degrowth.

These stories also suggest how degrowth opens new chances: some companies and industries will surely be damaged, but others that are sufficiently made for such changes will handily outmaneuver their competitors. 

For example, Flygskatt has been a boon for train travel, bolstered by a social media movement called Tågskryt (“train brag”). Meanwhile, decreased meat consumption has been going along with an explosion in meat substitutes that produce a tenth of the greenhouse gases different from the real thing. 

As per, degrowth reshuffles competitive vital within and over industries and, despite what many corporate leaders assume, offers new bases for competitive benefits.

These strategies illustrate in likely ways that firms can adapt to consumer-driven degrowth. Firms may go after more than one strategy (or all three) at the same: In 2016, for example, Google strived to create a longer-lasting phone with modular components, soliciting feedback from supply chain actors on how to make standardized parts for their handset.

Although “Project Ara” was eventually canceled, it did disclose a common thread among the strategies. Effective and inclusive communication with stakeholders over the supply chain is crucial, but framing the project in a way that all those stakeholders can invest in demands considerable effort and adjustment through trial and error.

As you continue to struggle with climate change, you can expect consumers, rather than politicians, to increasingly drive degrowth by changing their consumption habits. Firms should think in an innovative way about this consumer-driven degrowth as a chance, instead of resisting or dismissing the request of this small but growing movement. 

Businesses that successfully do so will come out more resilient and adaptable by choice of necessarily selling more, they will sell better and grow in a way that happy and convince consumers while respecting the environment.


October 19


Govind Dadhich, Founder

This was a fun article to read, I hope you enjoyed it.

Subscribe to the Newsletter! Get the latest Business Articles delivered straight to your inbox


You may also like