Tuesday, November 1, 2011

George Papandreou And The Limits To Growth

Here's a 2500 year old Greek bronze discovered in the sea the same year, 1972, that The Limits to Growth was published.

LTG was the popular summary of an MIT study that modeled the interactions between population, food production, industrialization, pollution, and non-renewable resources in the world economy. There were about a hundred variables, and the researchers were looking to see what would make the system grow, collapse, or oscillate.

St. Paul native, and Greek Prime Minister, George Papandreou has called for a referendum on his country's proposed European bailout. The trade is austerity for 110 billion Euros. Service contributes 78.8% of GDP, and the public sector accounts for 40% of jobs. Oops.

If anything can save us, it probably won't come from public policy, but maybe a country with a severely straitened economy could afford to tell the industrial economy to "Take a hike. We're going to see how many of us can keep eating."

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