26.8 C
Byron Shire
February 28, 2021

Economic growth faces imminent collapse

Latest News

Truth

Dr Matt Landos, East Ballina There is the real news and then there is the fake news. The radio news announced...

Other News

‘Hollywood’ drug squads over the top

I guess we have to thank Hollywood for the enduring myth that a black-clad squad of elite 'blokes', preferably with cool helicopters, from the capital are needed to crack down on really serious crime in hick parts of the country like Mullumbimby.

Mt Warning ban

Chris Gee, Byron Bay Indigenous readers be advised that the following letter contains references to persons deceased. I read with some...

Final stage of Lismore Base Hospital gets underway

The redevelopment works commenced in late 2016 and the final stage is now getting underway to complete the Lismore Base Hospital refurbishment.

Sing Lisa Sing

Jo Faith, Newtown How very distressing is the recent story of beautiful singer Lisa Hunt. She followed protocol, paid the...

Constitutional referendum/poll for LG elections for Byron Shire?

Is the wards fight back again? Byron Shire Council staff have advised, in the upcoming agenda, that ‘Council may conduct a Constitutional referendum or poll in conjunction with the Local Government Election, to be held in September 2021’.

Housing affordability on agenda at Ballina

With the housing crisis worsening in Ballina and across the Northern Rivers, councillors agreed that something had to be done about the problem at their meeting yesterday.

Dr John Coulter, National Vice President, Sustainable Population Australia

The federal government’s white paper on the Asian century fails to recognise the most fundamental truth about the economy, namely, that Nature is about to impose a multitude of impediments in the way of the destination sought by the white paper.

Nowhere in the white paper is there any acknowledgement of the fact that ‘the economy’ is totally dependent on a healthy and functioning natural environment, in fact; the word environment only appears a few times.

Nowhere is there recognition that we live on a finite planet and we have come to the end of growth, that we urgently need to transition to a new economic model that is nested within Nature’s ability to provide.

The 1972 publication The Limits to Growth developed a number of scenarios bringing together population, resource exploitation, pollution etcetera and indicated that under the business-as-usual (BAU) scenario of continuous growth, global civilisation would likely collapse in the first half of the 21st century.

Dr Graham Turner of CSIRO has made several studies at 30 years and now 40 years post-1972 and matched the actual data with the 1972 predictions. He has shown that we are right on track with the BAU scenario. He suggests that a global collapse is imminent.

The world faces a severe energy shortage with rising costs and falling availability. Water is being over-used across the world and rivers and water tables are falling precipitously, not least in China. As a consequence the world faces a global food shortage with rising prices and consequent political unrest, within and between nations.

While the Gillard government has paid some slight attention to climate change, there is no mention of climate change’s impact on the aims of the white paper.

It underlines the failure of our educational system to produce a biologically literate population, one that understands the foundational role of Nature in Economy and acts accordingly. The need to produce a biologically and ecologically literate society is far more pressing than the teaching of Asian languages.

As a society, we must now make an historically significant transition in our thinking about Nature/Economy/Society/Sustainability. Yet the white paper is oblivious to this transition.

The exercise of producing a white paper is useful but the data fed into such an exercise must be based on reality. It should not be based on a now-discredited and no longer applicable ideology of endless economic growth.

 


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Monkey see

Daniel Brown, Byron Bay Back in my early youth growing up in Mt Eliza Victoria in the ‘90s I’d secretly look up to and admire...

Australia’s bastardry

Gareth W R Smith, Byron Bay Australia has a long string of racist and anti-humanitarian policies. These range from its treatment of Aboriginal people, complicity...

Mt Warning ban

Chris Gee, Byron Bay Indigenous readers be advised that the following letter contains references to persons deceased. I read with some interest and also, I am...

‘The Great Reset’

Gary Opit, Wooyung I appreciated the letter by Lucas Wright (17 February) on the Great Reset conspiracy fantasy. With our privileged, western, simplistic understanding of...