From the abstract
With this approach, good lives can be achieved for all without requiring large increases in total global throughput and output. Provisioning decent living standards (DLS) for 8.5 billion people would require only 30% of current global resource and energy use, leaving a substantial surplus for additional consumption, public luxury, scientific advancement, and other social investments.
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Strategies for development should not pursue capitalist growth and increased aggregate production as such, but should rather increase the specific forms of production that are necessary to improve capabilities and meet human needs at a high standard, while ensuring universal access to key goods and services through public provisioning and decommodification.
Science says: capitalism is bad.
Love this. I hope I find time to read it later and hope that it doesn’t make too unrealistic simplifying assumptions and that their methods check out.
However, a bit ironic that this is published on Elsevier.
But, but, but, the shareholder value!?!
