Limits to Growth: Policies to Steer the Economy away from Disaster

April 22, 2016 • Daily Email Recap

Limits to Growth: Policies to Steer the Economy away from Disaster

See original/source content: http://www.resilience.org/stories/2016-04-21/limits-to-growth-policies-to-steer-the-economy-away-from-disaster

If the rich nations in the world keep growing their economies by 2% each year and by 2050 the poorest nations catch up, the global economy of more than 9 billion people will be around 15 times larger than it is now, in terms of gross domestic product (GDP). If the global economy then grows by 3% to the end of the century, it will be 60 times larger than now.
The existing economy is already environmentally unsustainable. It is utterly implausible to think we can “decouple” economic growth from environmental impact so significantly, especially since recent decades of extraordinary technological advancement have only increased our impacts on the planet, not reduced them.
Moreover, if you asked politicians whether they’d rather have 4% growth than 3%, they’d all say yes. This makes the growth trajectory outlined above all the more absurd.

Current World Population

7,712,381,443

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