Economic growth is the aggregate effect of the quest to accumulate capital and extract profit. Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity.
Interpretation
Economic growth and capitalism are interlinked, but constant growth can harm the environment.
George Monbiot's quote highlights the inherent conflict within capitalism, where the pursuit of endless economic growth is fundamental to its survival. However, he warns that this relentless quest for growth is unsustainable on a finite planet, leading to ecological destruction, thus calling for a reevaluation of our economic paradigms that prioritize profit over environmental health.
In practice
Discussing the impact of capitalism at an environmental conference.
The notions that nature exists to serve us; that its value consists of the instrumental benefits we can extract; that this value can be measured in cash terms; and that what can't be measured does not matter, have proved lethal to the rest of life on Earth.
I believe that anyone who wants to stand in a national election should receive a course of psychotherapy. Completing the course should be a qualification for office. This wouldn't change the behaviour of psychopaths, but it might prevent some people who exercise power from imposing their own deep wounds on others.
I became an environmentalist because I love the living world, but I spend much of my life thinking about electricity, industrial processes and civil engineering.
Places that have become agricultural deserts, trashed by giant corporations, could be reforested, drawing carbon dioxide from the air on a vast scale. The ecosystems of land and sea could recover, not just in pockets but across great tracts of the planet.
Never underestimate the power of intrinsic values. They inspire every struggle for a better world.
Why is it so easy to save the banks - but so hard to save the biosphere?
Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.
I look under the skin of countries' economies, and I help them make better decisions and be stronger, to prosper and create employment.
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
The laws and conditions of the production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them ... It is not so with the Distribution of Wealth. That is a matter of human institution solely. The things once there, mankind, individually or collectively, can do with them as they like.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.
In a perfect world what poor countries at the lowest rungs of economic development need is not a multi-party democracy, but in fact a decisive benevolent dictator to push through the reforms required to get the economy moving
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