The perpetual myth of perpetual growth
In this piece on Newsroom, I argue that just as the architects of our current economic system designed the system around perpetual growth, we can redesign the economy around delivering wellbeing to all, within planetary limits
"Every civilisation has had its irrational but reassuring myth. Previous civilisations have used their culture to sing about it and tell stories about it. Ours has used its mathematics to prove it."
The economist and writer David Fleming was speaking about our civilisation’s myth of perpetual economic growth. And the mathematics, along with the graphs, models and analyses supporting this myth have become increasingly elaborate – inscrutable to the average person, who dares not question their truth. But now, it is not just mathematics used to assert the validity of a growth-based economy, we have added words to our arsenal of myth-making.
Continue reading on Newsroom.