A Sustainable Economy?
With the economy now officially in recession (”but only technically!” the pundits point out) it’s worth thinking about what growth really means. Any constant increase over time, even as little as 3% per annum for example, equates to exponential growth. When we think about balloons, fat or debt, (or almost anything except the economy) we know intuitively that unlimited growth is impossible to sustain. Here’s a great little primer…
So if our economy is stagnant, or receding slightly, does that mean we are finally living sustainably? I’m sure a lot of us don’t feel very sustained right now.
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