Unsustainable development on a grand scale
It was reported on the BBC News today that China’s growth has slowed from 8.1% to 7.6% over the last three months. Big deal. What does this matter? Either way, it is completely unsustainable!.
I am afraid this prompted another rant from me (albeit subject to a 400-character limit):
“Even at 7% p.a. this would result in a doubling of China’s economy in 10 years. That means a probable doubling of its consumption of the Earth’s resources. In what sense can this ever be considered sustainable? Quantitative growth is not – nor can it ever be – the answer. What the Earth needs is Qualitative development. Economists and politicians need to stop lying to themselves and us.”
The former World Bank economist, Herman E Daly (yes him again), once lamented that: “Anyone who asserts the existence of limits is soon presented with a whole litany of things that someone once said could never be done but subsequently were done”; but insisted that “Continuing to study economies only in terms of the [exchange value of money] is like studying organisms only in terms of the circulatory system, without ever mentioning the digestive tract.”
I am sorry but, apart from saying that it is time the World woke up to reality, I cannot be bothered to say anything else; but I am going to repeat this video: