Dirk Philipsen calls for a closer look at forthcoming GDP figures
A News & Observer opinion piece by KIE Senior Fellow Dirk Philipsen looks to the announcement this Thursday of updated GDP numbers for the last quarter with an outline for how to view the figures, and the process more critically as we examine economic growth and health:
We need to replace faith and denial with reason. Research and basic logic force us to conclude: Continued GDP growth is not possible. Why? Because it requires more energy, more resources and more space, all expanding at an exponential rate. No realistic model shows how exponential growth can happen indefinitely on a finite planet.