1,336 words

Modern economics are in large part defined by the premise that infinite growth is both possible and desirable — if not always in theory, then at least in how most major economic actors behave. The green line should always go up — at least in the long term. If one takes a step back, this is unrealistic. Even if we could create ever more producers and consumers and make them ever more efficient, there is a limited amount of resources: food, land, rare metals, oil, and so on.