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industrial capacity

Post-COVID, should countries rethink their obsession with economic growth?

Shannon Osaka

In 1968, a small group of elite academics, industrialists, and government officials gathered at a Roman villa to discuss “the predicament of mankind.”  “We proceed from the belief that problems have ‘solutions,’” they wrote. Their goal was to find them. The result, a 200-page book called The Limits to Growth published in 1972, forever changed the contours of the burgeoning environmental movement. The thesis was simple: The planet simply could not sustain current rates of economic and population growth. “The most probable result,” the group predicted, “will be a rather sudden and uncontrollable decline in both population and industrial capacity.” In other words, humanity would have to hit the brakes — or suffer the collapse of society as we know it. The book was met with scorn and a pile-on in the mainstream media.

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