grumpy
Thinks s/he gets paid by the post
- Joined
- Jul 1, 2004
- Messages
- 1,321
A lot of what I have been reading in the financial press talks about the slowing of economic growth. In light of the old adage that "trees don't grow to the sky" are we approaching the point where world economic growth simply can't continue?
That is, are we getting to the point where we simply cannot produce more goods and services (world wide) due to diminished natural resources, pollution, inability of organizations (both corporate and gov't) to manage operations on such a large scale efficiently?
Logically, economic growth cannot continue infinitely. Is it possible for economies to exist in a stable state, without the engine of continued growth? Or is economic collapse unavoidable if growth is not sustained?
Opinions please.
That is, are we getting to the point where we simply cannot produce more goods and services (world wide) due to diminished natural resources, pollution, inability of organizations (both corporate and gov't) to manage operations on such a large scale efficiently?
Logically, economic growth cannot continue infinitely. Is it possible for economies to exist in a stable state, without the engine of continued growth? Or is economic collapse unavoidable if growth is not sustained?
Opinions please.