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Posted on Jul 10 2017 in Economy Working Group, Featured

Economic, consumptive growth is so over

Excerpted from:
Richard Heinberg propose a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable natural limits.

The main stumbling block that leads policy makers to twist their logic into pretzels is economic growth. Remove the requirement for growth, and it’s barely possible (not easy, but possible) to reconcile carbon reserves, emissions, energy sources, and warming targets—if governments somehow dedicate enough money and policy effort to the job. However, with further economic growth as an absolute requirement, the resulting climate models fester with internal contradictions and with assumptions about speculative technologies that very few people believe can be scaled up sufficiently, and that may have economic, environmental, and political repercussions that no one is prepared to deal with.


** Please understand that we fit all we could into a five minute video. Yes, there are many issues and nuances left out. You’ll find most addressed in the book from which this material was excerpted:***

“Why have mainstream economists ignored environmental limits for so long? If Heinberg is right, they will have much explaining to do.” — LESTER BROWN, Founder Earth Policy Institute

“Heinberg shows how peak oil, peak water, peak food, etc. lead not only to the end of growth, but to the beginning of a new era of progress without growth.” — HERMAN E. DALY, Professor Emeritus, School of Public Policy, University of Maryland

“By the time you finish Heinberg’s book, you will have 2 conclusions: This is the end of economic growth and it is our problem, not our childrens’. It’s time to get ready. This book is the place to start.” –PAUL GILDING — Former head of Greenpeace International

“Richard has rung the bell on the limits to growth. Our shift from quantity of consumption to quality of life is the great challenge of our generation. Frightening…but ultimately freeing.” –JOHN FULLERTON – President and Founder, Capital Institute