Are you content with sufficiency? Or do you have a need to possess more – to be richer? The colonial economic theories of previous centuries relied on accessing more and more raw resources; and on the consumer demand to stoke the boiler of growing commercial activity. The world of today is very different – not in economic theory, but in the capacity of the planet to provide.
It is arithmetic. The population of the world in 1900 was estimated at 1.7 billion. In 1950 – after two World Wars, the Spanish flu, the Great Depression, several civil wars and pogroms – the world population had still grown to 2.5 billion. By 2011, it had reached 7 billion, with the projection that it will reach 8 billion by 2025.
A fundamental premise of science is that every theory should be checked and rechecked before it may be accepted, albeit tentatively. Check this out – and then check out the current mantras and models of economic growth.
Food for thought.