At Stoic, we base our approach on the fact that the global economy always grows in the long term. By diversifying across all global stocks, your Stoic assets will steadily grow along with the global economy. However, in our current climate, a growing number of voices are arguing that infinite growth is impossible on a finite planet. According to the degrowth movement, the planet can only be saved if the economy shrinks and wealthy people surrender wealth. That would be bad news for your Stoic assets. But are the degrowth movement's assumptions correct?
We previously wrote this article in response to the question: what to do when the global economy stops growing? Anything is possible, of course, but the likelihood of a long-term stagnation or contraction of the global economy is very small. Yet, this is precisely what the degrowth movement envisions. But according to economics reporter Jesse Frederik of De Correspondent, a truly livable world for everyone—without poverty, with more healthcare, better education, and more free time—can only be achieved through growth. Green growth, that is.
Jesse Frederik wrote this comprehensive article (in Dutch) about it. Rarely have we read such a balanced and deeply researched article about the fact that infinite growth is indeed desirable and possible. A definite must-read!
