Questioning economic growth
Our global economy must operate within planetary limits to promote stability, resilience and wellbeing, not rising GDP, argues Peter Victor.
First, there is mounting evidence that this growth is largely unrelated to measures of happiness. Second, in recent decades, increasing inequality has accompanied
much of this growth, leading to problems ranging from poor public health to social unrest. Third, the prospects for real improvement in the developing world are likely to be diminished if developed countries continue to encroach on more ecological space.