The End of Macro-Economics As We Know It?


Before that question can be answered, a brief history of how human civilization got to this point.

Today the Earth contains nearly 7 billion human inhabitants, most of whom are interconnected via the internet, free trade agreements, and an economic model that requires infinite growth. All of these facts are extremely recent developments on the geological time scale of the planet’s history. The industrial revolution that enabled technological innovation in the extraction and use of energy, which while drastically increasing the health and living standards for a very small portion of the 7 billion – has also brought with it a human population explosion. This population explosion is currently testing the resiliency of the ecosystems on the one planet that we have. While climate change may be a major problem, it simply a symptom of an economic system that cannot stop consuming until it inevitably collapses on itself.

We are now likely living during that major turning point in human history. This post will mainly pertain to the incompatibility of the current dominant economic model and the reality of living on a planet with finite resources. We may not be near the immediate end of economic growth – but we are rapidly heading there. Since my own history begins with the 1980’s, that is where this brief history continues…

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About envirolawjd

A 2011 graduate of Vermont Law School, I have worked in the U.S. Senate and several environmental NGO's.
This entry was posted in Global Economics, Uncategorized and tagged , , , , , . Bookmark the permalink.

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