The Flaws of Current Economic Growth

The prevailing economic system prioritizes growth above all else, often at the expense of crucial societal needs such as poverty alleviation and environmental sustainability. This focus on continuous growth has led to ecological degradation, despite advancements in technology and renewable resources. Historical analyses, such as the 1972 MIT model 'The Limits to Growth,' indicate that the relentless pursuit of growth may lead to a significant decline in well-being and essential resources by mid-century. Recognizing this fundamental flaw, it's essential to shift our priorities from growth to addressing human and ecological needs directly.