Economic Growth: Cancer or Cure?

  (12 March 09)
  by Greg Spearritt

New York Time columnist Tom Friedman, building on the thinking of Paul Gilding, has a crucial question for us.

 

What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall – when Mother Nature and the market both said: ‘No more.’

 

Is it in fact a time “when both Mother Nature and Father Greed have hit the wall at once”? Or should we, as Kevin Rudd, Barack Obama and many others are attempting to do, get the whole endless-growth-through-consumer-frenzy going again? What other choices do we have?

 

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