By Kerryn Higgs
The suggestion of ever-expanding fiscal development has been promoted so relentlessly that “growth” is now entrenched because the traditional goal of collective human attempt. the general public has been confident that progress is the normal option to nearly all social problems—poverty, debt, unemployment, or even the environmental degradation because of the decided pursuit of progress. in the meantime, warnings via scientists that we are living on a finite planet that can't maintain limitless financial growth are overlooked or perhaps scorned. In Collision path, Kerryn Higgs examines how society’s dedication to progress has marginalized clinical findings at the limits of progress, casting them as bogus predictions of forthcoming doom.
Higgs tells how in 1972, the boundaries to Growth—written via MIT researchers Donella Meadows, Dennis Meadows, Jorgen Randers, and William Behrens III—found that unimpeded monetary progress used to be prone to collide with the realities of a finite planet inside a century. even if the book’s arguments bought confident responses before everything, prior to lengthy the dominant narrative of progress as panacea took over. Higgs explores the resistance to rules approximately limits, tracing the propagandizing of “free enterprise,” the elevation of progress because the valuable target of coverage makers, the party of “the magic of the market,” and the ever-widening effect of corporate-funded imagine tanks—a parallel educational universe devoted to the dissemination of neoliberal ideas and to the denial of well-being and environmental risks from the results of tobacco to worldwide warming. greater than 40 years after the bounds to development, the concept that development is vital keeps to carry sway, regardless of the mounting proof of its costs—climate destabilization, toxins, intensification of gross international inequalities, and depletion of the assets on which the trendy fiscal edifice relies.
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Extra resources for Collision Course: Endless Growth on a Finite Planet
Similarly new mineral resources can be created by investment in exploration and discovery.
Karl Marx, 1848 Explosive economic growth is new in human history, and this chapter looks at how it was unleashed in three distinct but related historical developments, with Europe at their center. First, there was the 500- to 600-year period of Europe’s colonial expansion, which enabled Europeans to accumulate great wealth without commensurate cost by appropriating land, resources, and the slave labor of millions, and to solve numerous resource constraints by simply moving on to new frontiers.
This was in turn boosted to an industrial scale in the early nineteenth century with the mounting use of fossil energy; a further lift was provided from the late nineteenth century when liquid petroleum was tapped. After World War II, a period of explosive economic growth held sway for three decades, a unique event in history. Although it slowed down in the 1970s and was actually arrested in 2009 after the global financial crisis, the immense human economic system continues to double in scale every fifteen to twenty-five years.