Tuesday, 23 August 2011

As the dream of economic growth dies, a new plan awaits testing | George Monbiot | Comment is free | The Guardian

Do not agree with supposition!

It's not that growth cannot occur. It's that it has to be paced so as to allow firms to die as they obsolesce. Under socialist systems the death of firms is not fast enough nor the birth if firms. Capitalism does the trick, but it tends to be excessively geared to overshooting. It performs too well and gives us the bumpy ride and forces unpleasant adjustment.

http://www.guardian.co.uk/commentisfree/2011/aug/22/economic-growth-environment

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