Western Governments around the world are in panic because global growth has stalled. Some have introduced negative interest rates to try and stimulate people to spend more.
We live on a finite planet that simply cannot accommodate any more growth, we are at peak growth, we need another measure of success because people spending ever more is no indicator of how we are performing as a society.
When the last oil is extracted the last tree chopped down and many of our cities are under the ocean we may, just may see the folly of being a slave to growth.
Remember EarthCare in the Fremantle Herald? I wrote two pieces on growth, one in 2011 and the other in 2013. Check them out, nothing has changed, except the urgency.