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2012

Economic development

Business Faculty Publications and Presentations

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A Global System Growing Itself To Death -- And What We Can Do About It, H. Thomas Johnson May 2012

A Global System Growing Itself To Death -- And What We Can Do About It, H. Thomas Johnson

Business Faculty Publications and Presentations

The underlying purpose of today's global economy, most assume, is to transform natural resources into a continuously growing quantity of goods and services for human consumption. Even when people acknowledge the existence of myriad social and environmental problems such as wide-spread poverty, climate change, extinction of species, and the increasingly unequal distribution of income and wealth, they fail to see economic growth as a fundamental cause of these problems. In fact, many propose that we can "grow our way" out of serious social and financial challenges. Because they see growth as beneficial, they do not recognize that it makes "solution" …