Monday, February 1, 2010

Economic Growth "no longer possible"

There is an interesting article over at the BBC titled Economic growth 'cannot continue'. The article, which discusses a report by the think tank New Economics Foundation, points out that we cannot continue to push economic growth, while at the same time preventing climate change.

That is exactly what I have been trying to say for some time in many of the articles in this blog.

In the BBC article I love the quote by the man from the free-market Adam Smith Institute about the report, "It is precisely this economic growth which will lift the poor out of poverty and improve the environmental standards..."

Of course, he would say that. But is it not the unfettered growth that has gotten us into the global warming problem in the first place?

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