Skip to content

Are limits to economic growth ?


The limits of economic growth is a very old idea, but seems to be wrong because of accumulative nature of scientific and technological discovery. The problem of the unnatural growth, that David Harvey mentioned is a real problem, and is caused by the interests of politicians who need to recruit the masses to be reelected and the economic barons of the corporate management, that include all the companies, where self-appointed officials hold the grip on the public money and the capital, and the real owners, the public has nothing to say, since the ownership is to anonymous.  I believe the last crisis of 2008 exposed this fact very clearly, but the signs were on the wall already with collapses of companies like, Enron at 2001, WorldCom at 2003, Conseco 2003, Parmalat, etc. Yet not the politicians and not the corporate barons gave up their hold and continue as if nothing had happened and those barons had learned nothing.  Yet because of the shift of the economic focus from US-Europe to China-India-Asia something has to happen, and most probably this something will be reduction of wealth in US-Europe, and someone in these places will have to pay the price. The most probable candidate is the employed middle class. The wealthy are untouchable and the poor has nothing to lose, so welcome to the club, and this is not a socialistic-communistic club of  David Harvey.

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Mostly Economics

This blog covers research work in Economics with focus on India.

Data-Driven Economics.

Economic Sociology and Political Economy

The global community of researchers, students and activists interested in Economic Sociology and Political Economy -- led by Oleg Komlik - by F. Kaskais

Web Investigator.KK. org... is one web investigative resource for searching thousands of online sources, and public databases. This blog will change your life!

Wiser, Braver, More Optimistic

A blog about books and ideas


writer traveler Photographer


Political economy, social policy, the coming end of Neoliberalism, Trump . . . and other facts of our times.

Seven Spheres

Aqua Terra Ignis et Aer

Professor Taboo

Unabashed Life-o-naut, Psych-o-naut, Time-traveler, Path-finder, and Marrow-sucker!

Economics One

A blog by John B. Taylor

%d bloggers like this: