Why economic growth is over (and what’s coming next)
AN IMPORTANT video just released from the Post Carbon Institute asks us to accept the end of the growth as we know it:
Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, and governments stagger under record deficits. Richard Heinberg proposes 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.
So what’s next? We must transition to a world that does not rely on endless growth.
What do you think? Are we reaching the end of growth?