economic growth,economy,gdp,gdp growth,limits to growth,overshoot,politics,population growth,sustainability
Warren Buffett makes the Wall of Shame today for – apparently – failing to understand limits to growth. One would hope such a smart and successful businessperson would be aware that the wealth “creation” of the last 80 years has come at a very heavy price on our ecosystems and natural resources, and cannot possibly continue.
climate change,economic growth,gdp,gdp growth
Economic growth is, of course, our modern culture’s Holy Grail. We’re not willing to sacrifice economic growth for any reason, not even the salvation of human civilization. We insist, therefore, that any plan to reduce carbon emissions cannot take a chunk out of GDP growth.
Today’s nominee to the Wall of Fame doesn’t necessarily call that obsession with economic growth out for its suicidal tendencies, but it does do a great job of busting one of the myths about economic growth that some of its apologists love to promote.