{"id":33906,"date":"2018-05-02T05:50:05","date_gmt":"2018-05-02T10:50:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33906"},"modified":"2018-05-07T07:10:01","modified_gmt":"2018-05-07T12:10:01","slug":"natures-breaking-point","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33906","title":{"rendered":"Nature\u2019s Breaking Point\u00a0"},"content":{"rendered":"

Nature\u2019s Breaking Point<\/a>\u00a0<\/span><\/h3>\n
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Photo by Karl-Ludwig Poggemann | CC BY 2.0<\/a><\/p>\n<\/div>\n

Ever wonder how the classical philosophers\/economists like Adam Smith and David Ricardo would view today\u2019s credo of infinite economic growth, forever more, above and beyond yesteryear. Well, in a word, they would be horrified. Ricardo, similar to the father of capitalism Adam Smith, believed in the concept of a \u201cstationary state\u201d when the land gets fully exploited and material progress comes to an end.<\/p>\n

These classical economists did not advocate limitless growth, which today is how neoliberal advocates see their destiny. In fact, Ricardo added the \u201claw of diminishing returns\u201d to Smith\u2019s original thesis, which included bold mention of the \u201cstationary state.\u201d<\/p>\n

Well, surprise, surprise, or maybe no surprise! Today, Adam Smith and Ricardo would be labeled heretics as capitalism has morphed into a universal conviction that humankind is destined for enrichment via unparalleled unlimited economic growth. As such, GDP is revered; it\u2019s maddeningly godly, a quarter-by-quarterly s\u00e9ance whilst prostrate on hands and knees in solemn prayer for profits, and more profits, and even more after that!<\/p>\n

But, are there limits, and if so, what if limits are exceeded?<\/p>\n

Then, what happens?<\/p>\n

As a matter of fact, the limits have been exceeded, by a country mile. That fact is beautifully expounded in graphic detail in Donald Worster\u2019s Shrinking The Earth, subtitle: The Rise & Decline of Natural Abundance (Oxford University Press, 2018).<\/p>\n

\u201cAlways, humans run up against nature\u2019s limits.\u201d (Worster, pg. 49) It happened at Nantucket Island. The island literally dried up in 1864 when the last lone whaler came back nearly empty-handed. Over the preceding decades, the whalers, like wild bloodthirsty hounds chasing game, exceeded nature\u2019s breaking point. At its peak the whaling fleet numbered 700 vessels, massacring whales and returning home filled to the brim with whale oil bounty, the massive carcasses left to scavengers.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nature\u2019s Breaking Point\u00a0 Photo by Karl-Ludwig Poggemann | CC BY 2.0 Ever wonder how the classical philosophers\/economists like Adam Smith and David Ricardo would view today\u2019s credo of infinite economic growth, forever more, above and beyond yesteryear. Well, in a word, they would be horrified. Ricardo, similar to the father of capitalism Adam Smith, believed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4],"tags":[9157,15489,5493,192,2328,1789,12542],"class_list":["post-33906","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-adam-smith","tag-breaking-point","tag-counterpunch","tag-david-ricardo","tag-infinite-growth","tag-nature","tag-robert-hunziker"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33906"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33906\/revisions"}],"predecessor-version":[{"id":34023,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33906\/revisions\/34023"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}