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Thread ID: 126988 2012-09-28 11:29:00 Have we reached the end of economic growth? zqwerty (97) PC World Chat
Post ID Timestamp Content User
1303863 2012-09-29 21:01:00 All I can say is that yes every one seems to be eating out, look at all the full cafes and bars etc.
Look at the huge variety in our supermarkets.
Cell phones, laptops, Ipads, clothes, cars.

As long as we can export enough to pay for it all.
We seem to only just.
But then we send too much overseas in the form of profits and dividends.
Digby (677)
1303864 2012-09-29 22:25:00 I do not promote debt Ga. Cicero (40)
1303865 2012-09-29 22:35:00 Boy, if you look at the debt and the unemployment in Greece, Spain and France it makes me think that we are not doing too bad.

Steel mills and car plants closing like mad over there.
Digby (677)
1303866 2012-09-30 02:32:00 "Growth" in the sense of continuing to use up the earth's resources cannot continue forever. Peak oil and arguments over water are harbingers of nearing the limits.

The big problem is too many people. If 7 billion are going to attain the quality of life we enjoy in our sheltered nation, there just isn't enough stuff in the world to get them up to that level. Arguably the planet can support 2 billion but that's not going to happen - not without war famine and disease and a whole lot of misery. Its small comfort to realise NZ is remote and relatively safe. We are hard - but not impossible, to invade.
Winston001 (3612)
1303867 2012-09-30 04:26:00 And a scientific point of view..................

en.wikipedia.org
Cicero (40)
1303868 2012-09-30 05:20:00 "Growth" in the sense of continuing to use up the earth's resources cannot continue forever. Peak oil and arguments over water are harbingers of nearing the limits.

The big problem is too many people. If 7 billion are going to attain the quality of life we enjoy in our sheltered nation, there just isn't enough stuff in the world to get them up to that level. Arguably the planet can support 2 billion but that's not going to happen - not without war famine and disease and a whole lot of misery. Its small comfort to realise NZ is remote and relatively safe. We are hard - but not impossible, to invade.
I think there is a chance for NZ to show the way here, put our current political fiascinators in charge of expanding the population to 10 billion, and they'll have the head count below 2 billion almost before lunch time.
R2x1 (4628)
1303869 2012-09-30 05:27:00 The Muslims are expanding exponentially, so the will no doubt sort out the problem Cicero (40)
1303870 2012-09-30 08:33:00 The idea that every economy must grow it's GDP is now questioned and the heavy lifting is being done by economists all over the globe. In fact there are now conferences discussing zero growth and methods other than GDP to measure it. The Happiness Index is one interesting way.

The fact is, we've never seen steady state zero growth before. It did happen in the Dark Ages when groups of people were relatively isolated but that example isn't helpful in a global economy of billions. Economists really don't know and at the moment the argument is whether growth will stop or carry on.

Personally I think it will carry on but not based on physical resources. Already a substantial part of the world's economy consists of services which can be repeated over and over without using more physical resources. Movies, music, sports matches, television, internet video, online games...
Winston001 (3612)
1303871 2012-09-30 18:30:00 I agree that the worlds population is getting too big as it will be an impossible drain on food and arable land and minerals.

But we need more people here in NZ to make it a vibrant attrractive place.

I also think that the system that allows fro booms and busts is not good either.

This is what causes a big exodus to Australia.
When building is booking here there is work for everyone.
When building stops, then there is no work and people leave (many never to come back)
Digby (677)
1303872 2012-09-30 19:17:00 When we stop wanting a car or a fridge then things will slow down, so that is not going to happen soon.

Service a minor part of economic activity, if in doubt pop over to China for an up date.
Cicero (40)
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