Going forward raises questions about the future of right and left political economy

Our global community is at a crossroads. Accepting the present quo is like navigating modern civilization with a typewriter and carrier pigeon—charming but impractical

Farmers in hot, arid regions are turning to low-cost solar pumps to irrigate their fields, eliminating the need for expensive fossil fuels and boosting crop production. But by allowing them to pump throughout the day, the new technology is drying up aquifers around the globe.

The "degrowth" movement to fight the climate crisis offers a romantic, utopian vision. But it’s not a policy agenda.

Degrowth is an idea that critiques the global capitalist system which pursues growth at all costs, causing human exploitation and environmental destruction. The degrowth movement of activists and researchers advocates for societies that prioritize social and ecological well-being instead of corporate profits, over-production and excess consumption. This requires radical redistribution, reduction in the material size of the global economy, and a shift in common values towards care, solidarity and autonomy. Degrowth means transforming societies to ensure environmental justice and a good life for all within planetary boundaries.

There is a common misconception among critics that degrowth proponents do not engage with the question of technology, instead leaving the implementation of technological solutions to the planetary…

The feasibility and desirability of endless economic growth is being increasingly questioned by scholars and activists. Whilst envisioning alternative economic ...

Degrowth will make the environmental crisis worse.

Degrowth is an idea that critiques the global capitalist system which pursues growth at all costs, causing human exploitation and environmental destruction. The degrowth movement of activists and researchers advocates for societies that prioritize social and ecological well-being instead of corporate profits, over-production and excess consumption. This requires radical redistribution, reduction in the material size of the global economy, and a shift in common values towards care, solidarity and autonomy. Degrowth means transforming societies to ensure environmental justice and a good life for all within planetary boundaries.

McKinsey chats with Martin Wolf, chief economics commentator at the Financial Times, about his new book, The Crisis of Democratic Capitalism.