Limits to Economic Growth
Comments debate the impossibility of infinite economic growth due to finite resources and advocate for shifting to sustainable, non-growth-based economic models like degrowth or steady-state economies.
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You might like this. http://www.monbiot.com/2014/05/27/the-impossibility-of-growt...
That's not surprising. Infinite growth is physically impossible and we are just seeing the end of it. We have to shift our economy and planning from a growth driven mindset to a sustainability driven one.
As other people have commented, seems like the West's addiction to never ending growth at all costs could be a strong driver of this. Reminds me of this TED talk, A healthy economy should be designed to thrive not grow: https://www.ted.com/talks/kate_raworth_a_healthy_economy_sho...
Some people are against having a growing economy. Obviously the economy cannot grow indefinitely.
Does what you're saying imply that growth can be perpetual ?
"There is no need for continuous growth."ROTFL. Good luck with that mate. Show me how this is going to work. The Nobel prize in economics is yours for sure!https://ourfiniteworld.com/2011/02/21/there-is-no-steady-sta...
There might be something wrong with an economic model which is predicated on infinite growth.
How do we know never-ending growth is impossible?
There's a bunch of assumptions baked into the question itself, which might not hold or even become irrelevant over longer timescales :https://dothemath.ucsd.edu/2022/07/limits-to-economic-growth...
Speaking reasonably and from an ecologic point of view you're 100% right. But for the current economic system simple sustenance, i.e. not growing, is similar to death. It's much like a shark, if it stops moving it cannot breathe. I think a lot of it is down to being powered by loans which in essence can be paid back only if the total output grows. Imagine a bank that lends you 100K to set up a business. You'll pay back eventually more than you initially got -say 130K- over a perio