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For the past few weeks, this column has been arguing that constant economic growth is not only un-achievable but also deeply undesirable.
Unachievable because it is impossible to have unlimited growth in a planet of limited resources. With human population creeping close to seven billion, we collectively consume about a quarter of the world’s biomass but this only satisfies about a fifth of our energy and natural resource hunger. So we are happily mining away the non-renewable resources of petroleum, coal, gas, iron and other metals. This is a situation when an overwhelming majority of the world’s human population lives on less than US $ 2 a day or in utter poverty. Imagine the extraction of natural and non-renewable resources if every one of this blessed planet’s seven billion people lived the life of a West European or North American? Read the rest of this entry »
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