At Growth's End
In Extraenvironmentalist #28 we speak with Richard Heinberg about his most recent book The End of Growth which uses data on global economies and international energy supplies to argue that the paradigm of economic growth has ended forever. Richard says that while our economies will still grow in the future, they’ll be constrained to lower and lower rates of growth that won’t be able to support money systems and financial obligations. If the global economy follows a prolonged period of contraction driven by depleted energy availability, what will this do to our notions of technology and society? We discuss how global contraction will impact trends of specialization, urbanization and wealth accumulation. Seth and I ask if the end of economic growth has to be fraught with strife or if life after growth can lead to a richer existence.
What do you think? Leave a comment below.
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