The Club of Rome is a Swiss-based global think tank.
In 1972, Massachusetts Institute for Technology scientists “warned [in Limits to Growth] that limited availability of natural resources relative to rising costs would undermine continued economic growth” about NOW. 🧵
It was ridiculed .
It was validated in 2008 by Australia's federal government scientific research agency CSIRO.
theguardian.com/environment/ea…
It was found to be “on target” in 2009. American Scientist published similar findings in a review by leading systems ecologists Prof Charles Hall of State University of New York and Prof John W Day of Louisiana State University.
theguardian.com/environment/ea…
It was validated in 2014.
theguardian.com/environment/ea…
It was validated in 2018.
“There is high risk for pushing the Earth’s life supporting systems beyond irreversible trigger-points by 2050.”
nature.com/articles/d4158…
It was validated in *2020* but this time by “a top analyst working within a mainstream global corporate entity,” KPMG. NOTE: “The study itself is not affiliated or conducted on behalf of KPMG.”
vice.com/en/article/z3x…
Unlimited economic growth is a myth, a PONZI scheme.
Mainstream economics a la the Chicago School (which bastardize Smith’s argument and which rest on the myth of “rational man”) are one reason we are here today.
Those economists eschew very real network effects, public goods, and negative externalities. They traffic in a myth of individualism that is at odds with centuries of human cooperation. And their influence has been oversized since Reagan/Thatcher.
The 1972 report Limits to Growth has sold 30 million copies in more than 30 translations, making it the best-selling environmental book in world history.
The 1973 oil crisis should have elevated it’s importance. It did not.
Here’s a PDF
donellameadows.org/wp-content/use…
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