Showing posts with label growth. Show all posts
Showing posts with label growth. Show all posts

Friday, 27 April 2012

We Are Not Gods

The NEH-funded Jefferson Lecturer this year (2012) was the great American writer Wendell E. Berry. In his lecture, entitled "It All Turns On Affection", he says the following:
"The problem that ought to concern us first is the fairly recent dismantling of our old understanding and acceptance of human limits. For a long time we knew that we were not, and could never be, 'as gods.' We knew, or retained the capacity to learn, that our intelligence could get us into trouble that it could not get us out of. We were intelligent enough to know that our

Thursday, 7 January 2010

The Religion of Money

Modern society is based on the idea of economic growth, a continually expanding cycle of expectation (which supplies the motivation to drive the economy forward), trade leading to income, income leading to consumption and investment. This expansion is made possible by improvements in technology making possible cheaper production (machines replacing slaves and eventually workers) and virtually unlimited natural resources (because natural energies are released by advancing technology). But can growth continue forever? The answer will help to determine our response to the present global economic crisis.

The assumption that growth can be unlimited has been criticized in books such as Richard Douthwaite’s The Growth Illusion, summarized online here. He thinks that our society is wearing “a pair of spectacles which give short term economic issues such prominence that they obscure our vision of the future”. Douthwaite see money as the root of the problem, for “under our current debt-based monetary system, no country has the option of foregoing growth because, without growth, it will fall into serious economic decline.” Another critic of growth is Philip Goodchild, of the University of Nottingham. In a 2009 summary of his book The Theology of Money, Goodchild sees
“2008 as the first shock in the terminal collision between economy and ecology, with a major depression to follow in the coming decade due to an ongoing crisis in energy supply. The hope upon which the modern world is based will soon collapse, and competition for increasingly scarce resources will significantly undermine the moral and political cooperation to which we currently aspire.”