Friday, June 10, 2011

"Simply Madness"

"The idea behind the steady-state economy should be familiar to anyone who's heard the lament that capitalism is bad for the environment because it rapaciously consumes resources faster than they can be replaced.

It's an ancient idea, really, a kind of millenarian paranoia that keeps getting gussied up to fit the latest headlines. My favorite example is the 1968 book "The Population Bomb" by Paul R. Ehrlich. "The battle to feed all of humanity is over," prophesized Ehrlich. "In the 1970s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now.""

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