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Perpetual growth cannot continue indefinitely

Carl Kaysen, a guru of economics at Harvard, said that the Earth’s “available matter and energy” could support a population of around 3.5 trillion people, all living at American standards of affluence. We now have 7.9 billion people and that number increases every second.

We live in a world of capitalists who thrive on the great Myth of Perpetual Growth, endless growth, ad infinitum, forever, till the end of time. And, driving the economists’ growth is population growth causing the earth to burst at its proverbial seams.

Growth is sacrosanct, our idol, our Golden Calf.

What the world and economics needs is sustainable growth: the maximum growth rate a business can achieve without having to increase its financial leverage or debt financing.

Our world is at a crossroads, faced with a dilemma, confronted with the ultimate no-win scenario, because the “Myth of Perpetual Growth” is essential to support the global population explosion.

Seems as though we are damned if we grow AND damned if we don’t because this “Growth” is killing our world, wasting our planet’s non-renewable natural resources.  Eternal Growth is suicidal and will eventually destroy the Earth.

The current economic system is:

  1. destructive, in the long run, to the environment
  2. a contributing factor to poverty around the world
  3. a contributing factor to hunger amongst such immense wealth s well as
  4. numerous other social and ecological problems

The Earth is a closed finite system.  Which means there are limits to the amount of resources we can extract from the Earth and the amount of waste we can pollute. If humans propagate, spread, build, consume, and pollute beyond the limits of our tiny spinning planet, we will have problems.

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