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Dick Smith on growth; emphatically yes...and no : Comments
By Ted Trainer, published 10/6/2011The population problem won't be solved until we break the capitalist paradigm.
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We are in a boom bust cycle and if you look at a graph economic activity over a long period you will probably find it oscillates around a fixed level. E.G. Housing boom followed by housing bust in the US and Ireland. Especially in the last few decades given that we are at or close to peak everything.
But perhaps GDP is an inadequate measure of economic activity as it is apparently very selective of what it actually captures. For example it does not take account of economic loss due to natural disasters, but only measures the increased economic activity associated with re-building.
And in such a boom bust steady state economy we are not doing that bad really. Its just that the level of economic activity around which we oscillate to be substantially reduced, along with populations.