Our Economy is a Degenerative System

By Daniel Christian Wahl, P2P Foundation

“What is 120 times the size of London? The answer: the land or ecological footprint required to supply London’s needs.” — Herbert Giradet Our ecological footprint exceeds the Earth’s capacity to regenerate. A number of useful indicators and frameworks have been developed to measure the ecological impact that humanity and its dominant economic system with its patterns of production, consumption and waste-disposal are having on the planet and its ecosystems. The measure and methodology for ecological footprinting translates the resource use and the generation of waste of a given population (eg: community, city, or nation) into the common denominator of bio-productive land per person, measured in Global Hectares (Gha), that are needed to provide these resources and absorb those wastes. Much of the educational power of this tool is its capacity to compare between how much bio-productive land exists on the planet with how much bio-productive land would be needed to sustain current...