You are here

Series | The Need for a New Economic System, Part 1: Limits to Economic Growth

Section(s): 

http://evergreenedigest.org/sites/default/files/New%20Economic%20Perspectives%20banner.jpg

It is obvious that on a finite Earth, neither population growth nor economic growth can continue indefinitely.

John Scales Avery, Countercurrents.org

http://evergreenedigest.org/sites/default/files/%2522%40%2522%20Logo%20with%2010%20yr%20banner.jpg To stay on top of important articles like these, sign up here to receive the latest updates from all reader supported Evergreene Digest.

http://ecx.images-amazon.com/images/I/31VZKSO24bL._SX351_BO1,204,203,200_.jpgJuly, 2015 | The Industrial Revolution marked the start of massive human use of fossil fuels. The stored energy from several hundred million years of plant growth began to be used at roughly a million times the rate at which it had been formed. The effect on human society was like that of a narcotic. There was a euphoric (and totally unsustainable) surge of growth of both population and industrial production. Meanwhile, the carbon released into the atmosphere from the burning of fossil fuels began to duplicate the conditions which led to the 5 geologically-observed mass extinctions, during each of which more than half of all living species disappeared forever.

Economists (with a few notable exceptions) have long behaved as though growth were synonymous with economic health. If the gross national product of a country increases steadily by 4% per year, most economists express approval and say that the economy is healthy. If the economy could be made to grow still faster (they maintain), it would be still more healthy. If the growth rate should fall, economic illness would be diagnosed.

John Scales Avery is a theoretical chemist noted for his research publications in quantum chemistry, thermodynamics, evolution, and history of science. Since the early 1990s, Avery has been an active World peace activist. 

Full story …