Economics for a New Century

From The Huffington Post:

With personal and national debt reaching record levels and unemployment at its most severe since the Great Depression, now may be the opportunity to abandon growth economics and come up with economic models for shrinking economies. Why not consider doing more with less and returning more to the environment than taking from it? Today, more energy is consumed on a daily basis in New York City alone than in the entire African continent. U.S. per capita energy consumption is multiples of that of India and China, and if we let those two countries catch up to our levels, the world will implode. We should remember that Easter Island has no inhabitants because its population used up the arable land and eventually resorted to cannibalism. Don’t underestimate the craziness of humans in desperate situations.

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One Response to "Economics for a New Century"

  1. Curtis Henson   April 1, 2010 at 6:06 pm

    We have the civilized equivalent of cannibalism: Stimulus spending..