As the Productivity Commission confirmed this week, Australia’s economy has enjoyed uninterrupted growth for 28 years straight. Specifically, our output of goods and services last financial year grew by 2%. Economists obviously see the growth of a national economy as good news – but what is it doing to the Earth?
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| The product of capitalism. |
Capitalism demands limitless economic growth, yet research shows that trajectory is incompatible with a finite planet.
If capitalism is still the dominant economic system in 2050, current trends suggest our planetary ecosystems will be, at best, on the brink of collapse. Bushfires will become more monstrous and wildlife will continue to be annihilated.
Read the story from The Conversation by Samuel Alexander - “I’ve seriously tried to believe capitalism and the planet can coexist, but I’ve lost faith.”
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