Growth is a great mantra for economies. Continual growth leads to advancing prosperity; even to the increase in individual wealth. And whether it’s due to nature or nurture, or both, most people prefer the excess caused by growth. And when people get what they prefer then they readily support the government. Thus government’s economists demand growth to appease the ratepayers. And the mantra spins on.
Subsuming to the mantra of growth has brought great prosperity to many people and many civilizations. But everyone knows that growth is limited. People can build only so many homes until there are not enough people to live in them. Japan is a case in point with a population with some of the longest life expectancies; but this expectancy may be instrumental in its ever decreasing population. Equally, there is only so much arable land; though a continual 2percent increase in crop production makes one wonder, “what is the limit?” And then there are the seas. Once imagined to be limitless, these wonders of Earth have proved to have boundaries. While fish capture rates have maintained a steady value of about 85 million tonnes annually, aquaculture has boomed to provide another 85 million tonnes. Will the mantra strike reality?
While people have certainly met their natural goal of maximizing their progeny, is it possible that they are limiting the potential of their progeny? People may get smarter and invent new ways to garner energy, to grow food and to construct abodes. Now does a mantra of continual growth achieve the best future for the progeny? Or could economists enable our progeny to sing to better?