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We still have a long way to go to become more efficient, which is a way to continue growth without increasing our burden on the planet. Of course the issue ther
by opportune 7y ago
We still have a long way to go to become more efficient, which is a way to continue growth without increasing our burden on the planet. Of course the issue there is that efficiency gains can only go so far, and you run into diminishing returns rather quickly.
Also, economic growth does not necessarily rely on increased production of physical goods. If people stopped paying for physical toys in lieu of software, for instance, the economy very well could grow while the physical footprint of the average person decreased (all else remaining the same). If people preferred experiential entertainment such as movies, escape rooms, etc more than e.g. boating, that could also result in economic growth while physical consumption of goods decreases.
But, while we can continue to grow economically without increasing physical consumption (all else being equal), the elephant in the room is that a very large portion of the world does not live a life even remotely similar to that of a wealthy, developed country resident wrt physical resource consumption. So even if we in rich countries maintained our resource usage, global demand for physical resources will continue to grow rapidly as other parts of the world develop. So are we willing to consign huge swathes of the globe to eternal poverty, or will we actively decrease our resource consumption?