The End of Growth
Economists claim that recovery is at hand. Yet, unemployment remains high, real estate values continue to sink, and governments threaten to topple one after another under enormous government debts. The End of Growth proposes a startling diagnosis: humanity has reached a fundamental turning point in our economic history. The expansionary trajectory of industrial civilization, enabled solely by the availability of cheap but non-renewable oil which is coming to an end is colliding with non-negotiable natural limits.
Richard Heinberg’ argues in his latest book The End of Growth that Economic Growth is being blocked by three factors:
- Resource depletion,
- Environmental impacts, and
- Crushing levels of debt
Heinberg is not alone in these arguments. Jeremy Grantham, Jorgen Randers and many others are reaching the same conclusion.