Policy recommendations
1. Move beyond GDP-based policymaking
GDP does not account for ecological and social costs. An alternative could be the Genuine Progress Index.
2. Drastically reduce wasteful resource use in wealthy countries
- Ban planned obsolescence and extend product lifespans
- Legislate longer product warranties
- Establish the right to repair
- End food waste
- Reduce single-use packaging
- Shift from ownership to use, e.g. in mobility
- Free public space from advertising
- Drastically reduce destructive and socially unnecessary industries
3. Shorten the working week
- Redistribute the current workload to maintain employment
- Raise hourly wages in line with living wage policy
4. Greater equality
Instead of the mantra of constant growth: we need to share what we have more fairly.
5. Debt cancellation
Cancel unrealistic and unjust debts that in today's model require constant economic growth due to interest.
6. Reform shareholder value rules
So that financial profit is not the top priority.
7. Set an income ceiling
To reduce inequality.
8. Green tax reform
9. End subsidies for polluting industries
10. Support the solidarity economy
So that non-profit activities become more widespread.
11. Tax vacant residential and commercial spaces
Or hand them over to communities.
12. Establish an environmental budget
For example a carbon budget that sets an absolute permitted CO2 quantity.