Renewable Matter # 2 / Numero #2

How the World's Economic Growth Is Actually Un-Economic

by Robert Costanza

The real economy includes natural capital resources, namely everything given to us by nature that we do not need to produce. Looking at this economy, it emerges that globally since 1997 about US$20,000 billion per year were squandered on services for ecosystems, unrecorded. Such figures are higher than the USA’s GDP. The per capita GPI (Genuine progress indicator) has not moved since 1978, although the per capita GDP has more than doubled.

 

The focus of the recently concluded G20 summit was economic growth. The final communiqué begins: “Raising global growth to deliver better living standards and quality jobs for people across the world is our highest priority”. The word...

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