"When the new Italian Prime Minister, Mr. Mario Monti, gave his acceptance speech to the Senate, a few days ago, he used 28 times the term "growth" and not even once terms such as "natural resources" or "energy". He is not alone in neglecting the physical basis of the world’s economy: the chorus of economic pundits everywhere in the world is all revolving around this magic world, "growth". But why? What is that makes this single parameter so special and so beloved?"
Italian professor Ugo Bardi explains why his new prime minister and other "leaders" are preparing for faster system collapse in their quasi-religious quest for new economic growth.
“… the growth stimulating strategy only buys time (and buys it at a high price). Nothing that governments or financial traders do can change the thermodynamics of the world system – all what they can do is to shuffle resources from here to there and that doesn’t change the hard reality of depletion and pollution. So, pushing economic growth is only a short term solution that worsens the problem in the long run. It can postpone collapse but at the price of making it more abrupt in the form known as the Seneca Cliff. Unfortunately, it seems that we are headed exactly that way.”