Restructure debt, and phase out compound interest – that’s what our environmental and financial crises tell us | ThinkOrSwim (the Climatechange.ie Blog)
November 14, 2010 § Leave a comment
The problems with growth were signalled years ago by Robert Kennedy http://hubpages.com/hub/Robert-F-Kennedy-challenges-Gross-Domestic-Product and charted in detail recently by Tim Jackson http://www.guardian.co.uk/books/2010/jan/23/properity-without-growth-tim-jackson. As summarised in these pages, http://www.thinkorswim.ie/?p=663 there is a level of wealth beyond which the chief consequence of further growth is environmental and societal harm – and that level of wealth Ireland reached in the 1990s.
Getting clear about this is important. Just another log curve?