“From the graph it is evident that increasing production and consumption is rightly called economic growth only up to the economic limit. Beyond that point it becomes uneconomic growth because it increases costs by more than benefits, making us poorer, not richer. Unfortunately it seems that we perversely continue to call it economic growth!”

Source: steadystate.org

New Herman Daly article explains the reality of our current economies.

See on Scoop.itThe Great Transition