Turning Point: An End to the Growth ParadigmThis text discusses the current basis of economic growth, concluding that it is is failing to deliver, and is actually harming our prospects for future security. Further arguments propose a possible long-term strategy for economic revival - eco-restructuring. This strategy involves a shifting away from production of goods to production of services, closing material cycles and eliminating reliance on non-renewable resources. |
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accounts argument Asian assets assumed assumption average benefits capital carbon tax cent century Chapter China competitive conservative consumers consumption costs created damage debt decades declining depreciation developing countries dollars domestic economic growth economists effect efficiency energy environment environmental especially Europe exports fact factors of production firms foreign fossil fuels free trade future Germany global human important income increase Indonesia innovation instance interest rates investment ISEW Japan Japanese labor least less long-term major manufacturing materials ment million models NAFTA natural capital natural resources pollution population potential problem profits Rank Xerox reason reduce revenues rising savings Say's Law sector Smil social security subsidies technological progress theory trade deficit trade theory trend trillion unemployment wages waste wealth welfare Western workers World Bank