By Nick Lyth
It was the wrong Economic Policy. It created a big bubble that burst, as so many economic bubbles have done before.
The belief in growth and its importance (which underpinned the theory of Sustainable Development) is now being reassessed. Many argue that it is specious. What is wrong with a Thrift Economy? But more to the point, how does the global economy continue to grow? The globe is quite clearly finite, any economy is only as large as the resources within it, from which monetary value is derived, how then can anyone imagine perpetual growth is possible? It is clearly not. Economies have always gone up and down, as have all forms of power, and indeed all forms of life.
The perpetual Growth ideal is perhaps one of the most harmful and misguided for our current problems with climate change and global warming.
It is not difficult to conceive an alternative. We have lived through Thrift economies before - the Great Depression, the two World Wars. What did our Government do? The first thing it did when resource was scarce was to ration everything. Is it only a matter of time before we do that again? Indeed, is there anything wrong with that? It makes people less comfortable, but not less happy.
Then we come onto Economic Behaviour. As you will have seen, the origins of our problem are the machines that allowed businesses to make far more goods than we need, using up valuable resources and energy, which in itself was polluting and destructive to the very environment on which we depend for life. Modern marketing was born, which created the monster of consumerism. Once again, Governments can control this. Stop it now! Governments have done it before, they can do it again.
The role of Green Angel Syndicate is to encourage the technology innovations that we need to cope with the problems. At the same time, we are sticking close to Government and the policy makers to try to both hear and contribute to the debate which will bring about the measures necessary to control the economy and its principal actors successfully for our purposes. It will come, when the extent of the problem is felt by the majority of the population. I imagine radical measures have become much easier to push through in Sydney and California in recent times. It is only a matter of time before the same is true of much of the US, and indeed the UK and Europe.
Green Angel Syndicate has to be there with the technology solutions, at the ready.