Democracy and prosperity, a longer life, more equality and education: capitalism has brought about many positive changes. At the same time, however, it is ruining the climate and the environment, putting humanity in existential danger.

"Green growth" is supposed to be the solution, but economic expert and bestselling author Ulrike Herrmann argues otherwise: she clearly and incisively explains in her new book why we instead need "green shrinkage."

The climate crisis is worsening daily, yet almost nothing is changing concretely. Greenhouse gas emissions are increasing unchecked and dramatically. This failure is no coincidence, as the climate crisis strikes at the heart of capitalism. Prosperity and growth are only possible through the use of technology and the burning of energy. Unfortunately, eco-energy from sun and wind will never be enough to fuel global growth. Therefore, industrialized countries must bid farewell to capitalism and strive for a circular economy, where only what can be recycled is consumed. But what should we envision with this green shrinkage? The best model is, ironically, the British wartime economy starting in 1940.