Wall Street WARZONE

“Grow or Die?” Or “Grow & Die!” The Global “No-Win” Scenario: Economists Push Growth Even as the Planet Explodes with 50% Population Growth to 9 Billion by 2050. Yes, Destroying America’s Capitalism AND China’s Socialism

by Paul B Farrell, JD, PhD
| | 1/17/2011

What do we do, oh great zenmaster? “When you get to a fork in the road … take it,” replies the wise one, Yogi Berra, greatest Yankee catcher of all time. His sage advice to economists, politicians and investors everywhere: “The future ain’t what it used to be. We made too many wrong mistakes. You’ve got to be very careful if you don’t know where you’re going, because you might not get there.”

At the crossroads: “Growth!” Capitalism’s most sacred commandment, “Grow OR Die” may itself be on death row. With us since 1776, it’s being challenged by a “New God of Reality” that’s flashing relentless strobe warnings of an emerging new command from critics, contrarians and eco-economists: “Grow AND Die.” Yes, you heard right:

· “Grow OR Die.” Traditional economists: We need 3% GDP “Growth” to support 100 million new Americans in the 21st century. Drill Baby Drill. New jobs to fuel slow recovery. Worse, exploding growth demands as the rest of the world adds 2.9 billion new humans all chasing their unique “American Dream.”
· “Grow AND Die!” New eco-economists: They see Big Oil’s destruction of our coastal economies, the rape of West Virginia’s coal mountains, the unintended consequences of uncontrolled carbon emissions and ask: “When will economists, politicians and corporate leaders stop pretending Earth’s resources are infinitely renewable?” Unfortunately, even the new eco-economists fail to factor population growth, the big 800# Gorilla, into the equation.

A “No-Win” scenario: Yes, we are all at a crossroads, all facing a dilemma, all confronting the ultimate no-win scenario: “Growth” is essential to support the global population explosion. “Growth” is also killing our world, wasting our planet’s non-renewable natural resources. As a result, the “Growth” mantra will eventually destroy civilization. We are the horns of a very sharp no-win dilemma: We’re damned if we grow. Damned if we don’t. Growth.

Ultimate political sin: Turning a blind’s eye, failing to seek real solutions is suicide

“When you get to a fork in the road … take it.” But which fork? Flip a coin? Same result either way: Heads you lose, tails you lose. A no-win situation. Not just  America, but Ireland, Greece, Brazil and China. All politicians, all economies, all trapped in Capitalism’s most sacred, rarely challenged, commandment: “Growth OR Die” … but the real issue is, “Grow & Die,” because the planet will increase its population by 50% to 9 billion in a generation, and self-destruct …

Read complete essay: MarketWatch

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