These Are Boom Times for ‘Degrowth’

Published On Oct 4, 2024, 5:00 AM

The article discusses the rising concept of 'degrowth,' which challenges the traditional economic view that prioritizes endless growth. Advocates argue for a shift towards meeting basic needs rather than increasing production, particularly in wealthier nations where consumption often exceeds necessity. This movement has gained traction due to environmental concerns and social inequalities highlighted by the COVID-19 pandemic and climate crises.

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Stock Forecasts

SUSAView SUSA chart on TradingView

Positive

Investors may want to consider companies or ETFs that align with sustainability and social responsibility as the degrowth movement gains popularity. Firms focused on reducing waste, increasing resource efficiency, and providing essential services could benefit from this ideological shift.

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Negative

Conversely, traditional growth-driven sectors such as fossil fuels or consumer goods, particularly those heavily reliant on mass production without regard for sustainability, may face negative impacts as public sentiment and policy shift towards degrowth principles.

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