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Author Topic:   The economy needs a 3% GDP growth to function well
Dr Jack
Member (Idle past 740 days)
Posts: 3507
From: Leicester, England
Joined: 07-14-2003


Message 23 of 50 (825671)
12-17-2017 7:40 AM
Reply to: Message 5 by frako
06-25-2017 12:21 PM


Unlimited growth on a limited planet is impossible.

This is simply untrue. Growth needn't be driven by consuming more resources; it is also driven by innovation and creativity. In fact, most growth over the last seventy years (at least) has been produced not by consumption of more resources but by rapid improvements in technology and the creation of new ideas.

And, even if it were true, it is only relevant if those limits are hit within a timescale relevant to current decision makers. A limit to growth that applies a thousand years in the future is of no consequence.

An economy without growth isn't stable; it is stagnant.

Edited by Dr Jack, : Forgot a point.


This message is a reply to:
 Message 5 by frako, posted 06-25-2017 12:21 PM frako has not yet responded

  
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