The train wreck that is the global economy

The notion that economies can and will continue to grow without forseeable limit needs to be seriously challenged.

Development in understanding in recent years is making real limits on growth a lot more palpable since it is becoming quite evident that our approach to measuring economic value and the costs of acquiring said “value” (i.e. our monetary system) is woefully incomplete. Yet economic growth remains the be-all-end-all that pervades every aspect of human aspiration. Corporations scramble over one another to get into the next market to expand into. Shoppers are continually trawling vast malls looking for the next must have. Credit is wantonly extended to grease the entire endeavour.