by DesuMaiden » Thu 10 Mar 2016, 17:25:38
$this->bbcode_second_pass_quote('Rod_Cloutier', 'T')he company I work for announced major restructuring, and 1200 layoffs this week, because sales growth is only 7% instead of the target of 15%.
Most people don't understand that it is impossible for the economy to grow forever; furthermore 15% growth per year is increasingly unlikely.
The company argues and has shown 'proof' that growth over the last 30 years has averaged 15% per year. While this is impressive, it seems like a delusional fairy-tale to expect this to continue indefinitely.
It scares me to think- what will happen when the economy starts contracting at 1-2 % a year?
Sadly, most people don't understand how powerful exponential growth is. Of course, if you understood how powerful exponential growth is, then you will also realize how powerful exponential decline is.
Humanity has been growing in population for the most part during most of its history. It was only during a few instances our population growth was reversed by serious natural catastrophes like mega-volcanic eruptions, famine and plague.
There is a statistic some peak oiler's and environmentalists say: if human population continued to grow at its current rate (of 1% per year), we will have a population of humans so large that every square meter of dry land area will have a human standing on it by 2600-2700 AD.
This proves how laughable the claim that "growth can continue forever" is.
As many ecologists have already noticed, even at 7 billion people, the Earth's ecosystems and life support systems are under serious strain. I doubt we can support 7 billion people, let alone 9 billion people, for much longer given how much damage we've inflicted to the planet's biosphere.
History repeats itself. Just everytime with different characters and players.