Economists often speculate that the failed to develop because of a lack of capital. But there was no such lack. The wealth that might have provided the capital for development (precious metals in Latin America and surplus labour in Africa) was effectively stolen by Europe and harnessed to the service of Europe's own development. The global South could theoretically have developed as Europe did were it not for the plunder of its resources and labour, and were it not for the fact that it was forced by Europe to supply raw materials while importing manufactured goods. Whether or not they would or should have done so is another matter, of course - after all, much of European-style development required violence towards other lands and other peoples. But the point remains: it is impossible to examine the economic growth of the West without looking at the base on which it drew.

While the precise number of deaths is sensitive to the assumptions we make about baseline mortality, it is clear that somewhere in the vicinity of 100 million people died prematurely at the height of . This is among the largest policy-induced mortality crises in human history. It is larger than the combined number of deaths that occurred during all famines in the Soviet Union, Maoist China, North Korea, Pol Pot’s Cambodia, and ’s Ethiopia.

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People commonly think of neoliberalism as an ideology that promotes totally free markets, where the state retreats from the scene and abandons all interventionist policies. But if we step back a bit, it becomes clear that the extention of neoliberalism has entailed powerful new forms of . The creation of a global 'free market' required not only violent coups and dictatorships backed by Western governments, but also the invention of a totalizing global bureaucracy – the World Bank, the IMF, the WTO and bilateral s – with reams of new laws, backed up by the of the United States. In other words, an unprecedented expansion of state power was necessary to force countries around the world to liberalize their markets against their will. As the has known ever since the in 1842, when British gunboats invaded China in order to knock down China's , free trade has never actually been about freedom. On the contrary, as we have seen, free trade has a tendency to gradually undermine national sovereignty and .

From this perspective, I cannot help but feel that degrowth is, ultimately, a process of decolonisation. Capitalist growth has always been organised around an expansionary territorial logic. As capital pulls ever-increasing swathes of nature into circuits of accumulation, it colonises lands, forests, seas, even the atmosphere itself. For 500 years, capitalist growth has been a process of enclosure and dispossession. Degrowth represents a reversal of this process. It represents release. It represents an opportunity for healing, recovery and repair.

While global real GDP has nearly tripled since 1980, the number of people living in poverty, below $5 per day, has increased by more than 1.1 billion. Why is this? Because past a certain point, GDP growth begins to produce more negative outcomes than positive ones – more '' than wealth.

Scientists tell us that up to 140,000 species of plants and animals are disappearing each year due to our of the Earth's ecosystems. This rate of extinction is 100 to 1,000 times faster than before the Industrial Revolution - so fast that scientists have classed this as the event in the planet's history, with the last one having occurred some 66 million years ago.

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Of course, we also have to think about the role of population going forward. The more the , the more difficult this challenge will be. As we approach this question, it's crucial - as always - that we focus on underlying structural drivers. Many women around the world do not have control over their bodies and the number of children they have. Even in liberal nations women come under heavy social pressure to reproduce, often to the point where those who choose to have fewer or no children are interrogated and stigmatised. Poverty exacerbates these problems considerably. And of course capitalism itself creates pressures for population growth: more people means more labour, cheaper labour, and more consumers. These pressures filter into our culture, and even into national policy: countries like France and Japan are offering incentives to get women to have more children, to keep their economies growing.

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Capitalism rose on the back of organized violence, mass impoverishment, and the systematic destruction of self-sufficient subsistence economies. It did not put an end to serfdom; rather, it put an end to the progressive revolution that had ended serfdom. Indeed, by securing virtually total control over the means of production, and rendering peasants and workers dependent on them for survival, capitalists took the principles of serfdom to new extremes. People did not welcome this new system with open arms; on the contrary, they rebelled against it. The period 1500 to the 1800s, right into the Industrial Revolution, was among the bloodiest, most tumultuous times in world history.

In the absence of more consumers, capital finds ways to get existing consumers to consume more. Indeed, the dominant story for the past few hundred years: the growth rate of material use has always significantly outstripped the growth rate of the population.

The growing economic power of the richest percentiles translated directly into increased political power, as they gained new influence over elections. In the USA, the collapse of as a result of neoliberal reforms has meant that corporations are able to outcompete labour in campaign financing. Their position was further strengthened in 2010, when the Supreme Court ruled in that corporations have a constitutional right to spend unlimited amounts of money on political advertising as an exercise of 'free speech'.

When the CIA made clear that they would back a coup, General - who was upset with President Sukarno for supporting policies that undermined the military's power - offered to lead it. In 1965, with the aid of weapons and intelligence from the United States, Suharto between 500,000 and 1 million of Sukarno's supporters in one of the worst mass murders of the 20th century. By 1967, Sukarno's base had been either eliminated or intimidated into submission, and Suharto took control of the country. His military regime - which ruled until 1998 - was open to Western corporate interests.

From his base on , the island shared today by Haiti and the Dominican Republic, he forced the local inhabitants – the – to bring him a certain quantity of gold every three months. Those who failed to do so would have their hands chopped off or were hunted down and killed. Men were forced to spend their lives in mines, stripping the mountains in search of gold. Up to a third of workers died every six months. Within two years of the Spanish invasion, some 125,000 people had been killed - half the island's population. Most of the remaining inhabitants of Hispaniola were forced into slave labour on plantations. A few decades later, only a few hundred Arawaks remained alive.

It's no wonder that we react so nonchalantly to the ever-mounting statistics about the crisis of mass extinction. We have a habit of taking this information with surprising calm. We don't weep. We don't get worked up. Why? Because we see humans as fundamentally separate from the rest of the living community. Those species are out there, in the environment. They aren't in here; they aren't part of us. It is not surprising that we behave this way. After all, this is the core principle of capitalism: that the world is not really alive, and it is certainly not our kin, but rather just stuff to be extracted and discarded – and that includes most of the human beings living here too. From its very first principles, capitalism has set itself at war against life itself.