Description:
"Every society clings to a myth by which it lives. Ours
is the myth of economic growth. For the last five
decades the pursuit of growth has been the single
most important policy goal across the world. The
global economy is almost five times the size it was
half a century ago. If it continues to grow at the
same rate the economy will be 80 times that size
by the year 2100.
This extraordinary ramping up of global economic
activity has no historical precedent. It?s totally at
odds with our scientific knowledge of the finite
resource base and the fragile ecology on which
we depend for survival. And it has already been
accompanied by the degradation of an estimated
60% of the world?s ecosystems.
For the most part, we avoid the stark reality
of these numbers. The default assumption is that
– financial crises aside – growth will continue
indefinitely. Not just for the poorest countries, where
a better quality of life is undeniably needed, but
even for the richest nations where the cornucopia
of material wealth adds little to happiness and
is beginning to threaten the foundations of our
wellbeing.
The reasons for this collective blindness are easy
enough to find. The modern economy is structurally
reliant on economic growth for its stability. When
growth falters – as it has done recently – politicians
panic. Businesses struggle to survive. People lose
their jobs and sometimes their homes. A spiral of
recession looms. Questioning growth is deemed to
be the act of lunatics, idealists and revolutionaries.
But question it we must. The myth of growth
has failed us. It has failed the two billion people
who still live on less than $2 a day. It has failed
the fragile ecological systems on which we depend
for survival. It has failed, spectacularly, in its own
terms, to provide economic stability and secure
people?s livelihoods..."
Source/publisher:
Sustainable Development Commission
Date of Publication:
2009-00-00
Date of entry:
2012-10-14
Grouping:
- Individual Documents
Category:
Language:
English