Monday, July 20, 2015

Biosphere Collapse: The Biggest Economic Bubble Ever

The global environment collapses as in the pursuit of short-term growth, humanity overruns natural ecosystems including the atmosphere that make Earth habitable. Together we urgently address inequity, climate change, overpopulation and natural ecosystem loss or alone we each face the horrors of economic, social, and ecological collapse.
“Horrendous inequity whereby a few hundred people possess half of Earth’s wealth as more than one billion live on less than $1.50/day is evil incarnate and will kill us all… The human family will only avert biosphere collapse if we choose to live more simply, share more with others, go back to the land, have fewer kids, protect and restore ecosystems, grow more of our own food, end fossil fuels, and embrace social justice and love.” – Dr. Glen Barry

Newspapers are full of disastrous warnings if economic growth does not return to Greece, or if it drops a couple points in China. Rarely in human history have so many been so fundamentally wrong about a matter of such importance as the desirability, and even the possibility, of perpetual economic growth.

The real threat to human well-being is not that there is too little economic growth. Rather, it is that there is too much, and that we have overshot how much growth can occur without collapsing our shared environment.

The industrial growth economy is ravaging natural ecosystems. Stocks of natural capital – including water, soil, old-growth forests, wild fish, etc. – are being pillaged to artificially inflate short-term economic growth numbers.

Modern industrial capitalism’s narrow focus upon GDP growth as a measure of a society’s well-being utterly fails to account for the very real and detrimental costs of liquidating Earth’s natural life-support systems.

Infinite growth on a finite planet is a recipe for disaster. Nothing grows forever and trying inevitably rips apart any system seeking to do so.

Continued ravaging of Earth’s natural ecosystems for short-term growth is the biggest economic bubble ever. Such a short-term, myopic focus upon economic growth can only end in social and ecological collapse.

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