Critics of growth want to bring the economy into harmony with the environment and social well-being. They see a world that functions without constantly wanting more. But is that realistic?
Hamburg chefs Marianus von Hörsten and Aaron Levi Hasenpusch have decided to turn their back on the idea that a business should always be growing. Their restaurant is closed on weekends. It means more free time and less stress, but also less turnover and less income. For them, it’s feasible.
Otto Fuchs produces specialized metal components for the automotive and aviation industries. His company is aiming for "green growth" — to grow while operating in a climate-friendly way. But this is no easy task. In Germany, climate protection and the transition to green energy cost a lot of money.
Ulrike Herrmann, author of Das Ende des Kapitalismus (The End of Capitalism) is skeptical about green growth. She says it’s not possible, and advocates instead for "degrowth" in order to save the planet. Restructuring the economy would consume vast amounts of clean energy, and Germany simply couldn’t install that many wind turbines. In other words, we’ll have to rein ourselves in.
After the 2008 financial crisis, Iceland introduced a new economic evaluation: the "Wellbeing Economy". As well as measuring things that have a price tag, it also takes into account welfare and quality of life, including access to housing and green spaces, as well as gender equality. Negative factors like environmental degradation and the consumption of resources are also included. Kristín Vala Ragnarsdóttir is professor of sustainability science at the University of Iceland. She’s committed to the idea of a sustainable economy.
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Hamburg chefs Marianus von Hörsten and Aaron Levi Hasenpusch have decided to turn their back on the idea that a business should always be growing. Their restaurant is closed on weekends. It means more free time and less stress, but also less turnover and less income. For them, it’s feasible.
Otto Fuchs produces specialized metal components for the automotive and aviation industries. His company is aiming for "green growth" — to grow while operating in a climate-friendly way. But this is no easy task. In Germany, climate protection and the transition to green energy cost a lot of money.
Ulrike Herrmann, author of Das Ende des Kapitalismus (The End of Capitalism) is skeptical about green growth. She says it’s not possible, and advocates instead for "degrowth" in order to save the planet. Restructuring the economy would consume vast amounts of clean energy, and Germany simply couldn’t install that many wind turbines. In other words, we’ll have to rein ourselves in.
After the 2008 financial crisis, Iceland introduced a new economic evaluation: the "Wellbeing Economy". As well as measuring things that have a price tag, it also takes into account welfare and quality of life, including access to housing and green spaces, as well as gender equality. Negative factors like environmental degradation and the consumption of resources are also included. Kristín Vala Ragnarsdóttir is professor of sustainability science at the University of Iceland. She’s committed to the idea of a sustainable economy.
#documentary #dwdocumentary
______
DW Documentary gives you knowledge beyond the headlines. Watch top documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.
Subscribe to:
⮞ DW Documentary (English): https://www.youtube.com/dwdocumentary
⮞ DW Documental (Spanish): https://www.youtube.com/dwdocumental
⮞ DW Documentary وثائقية دي دبليو (Arabic): https://www.youtube.com/dwdocarabia
⮞ DW Documentary हिन्दी (Hindi): https://www.youtube.com/dwdochindi
⮞ DW Doku (German): https://www.youtube.com/dwdoku
For more visit: http://www.dw.com/en/tv/docfilm/s-3610
Follow DW Documentary on Instagram: https://www.instagram.com/dwdocumentary/
Follow DW Documental on Facebook: https://www.facebook.com/dwdocumental
We kindly ask viewers to read and stick to the DW netiquette policy on our channel: https://p.dw.com/p/MF1G
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