June 13, 2010

Limits to economic growth

This 30 min video raises some good questions about the sustainability of the global economy.

It relates to the video on the exponential function, in that limits exist in all systems that depend on growth. These systems cannot be sustained unless a new "steady state" paradigm is adopted. A society based on well being instead of accumulation of material wealth, for example.
http://www.youtube.com/watch?v=26o22Y33h9s

Description:
Radical sociologist David Harvey asks: is it time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?

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