4min chapter

Tipping Point: The True Story of "The Limits to Growth" cover image

Where Are We Going, Really? (Part 3)

Tipping Point: The True Story of "The Limits to Growth"

CHAPTER

The Limits to Growth

Growth was not just a means to overcome environmental limits, it was a way to mask social problems too. Since the 1970s rich countries have begun slashing taxes to stimulate growth leading to higher incomes but also widening inequality. As economist Henry Wallach had once said, economic growth is a substitute for equality of income so long as there is growth there is hope.

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