Wednesday, July 27, 2011

It's Time to Grow Out of Endless Growth


A particular remark has been ringing in my ears for two weeks: “We have an economy where we steal from the future, sell it in the present, and call it GDP.” Those are the words of Paul Hawken, who, in my opinion, has come up with the most accurate definition of Gross Domestic Product (GDP) so far.

When I heard it at TEDxOxbridge, I thought: Bingo! We’re finally weaving growth into the debate, and acknowledging that our obsession with stellar GDP and economic growth is simply an “intergenerational Ponzi scheme” biding its time.

See full Article.