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Jim Kata
- 204
- 10
I heard a report that says that the Earth may have passed its carrying capacity. Which means the life systems of this planet are now in decline and can no longer sustain themselves. I read that 30% of the great barrier reef has disappeared over the last thirty years.
My question is can capitalism work as a zero to minimal growth, sustainable system, or is growth required for the capitalist system to work? The assumption that a country like the United States or any country can have 3% GDP growth till the end of time is foolish since we are living in a world in which resources are more and more scarce and areas for the expansion of markets are becoming more and more rare.
What are some sustainable economic models?
My question is can capitalism work as a zero to minimal growth, sustainable system, or is growth required for the capitalist system to work? The assumption that a country like the United States or any country can have 3% GDP growth till the end of time is foolish since we are living in a world in which resources are more and more scarce and areas for the expansion of markets are becoming more and more rare.
What are some sustainable economic models?