Wall Street and the Third World
When the current crisis is over, the reputation of American-style capitalism will have taken a beating—not least because of the gap between what Washington practices and what it preaches. Disillusioned developing nations may well turn their backs on the free market Full Story »
Posted by Derek Hawkins



The basic premis that we want to get back into growth mode is deeply flawed. 3% Annual world GDP growth which the IMF predicts we will be back to in a few years will double our economies every 23 years. Just take water for example. Even if the demand for water was proportional to GDP (and it has been shown to increase faster than GDP as per capita expectations grow) that would double our use of fresh water every 23 years. 4 times as much in 46 years. How many nations do you know who could find double the water let alone 4 times. Not many. The same goes for all our resources. Our economies are pyramid schemes and we are pushing Gia further and further into a corner along with all the resources she gives us for free. We are well past the point of diminishing returns. One more green revolution with populations increasing to use up increases in agricultural production should just about finish us off. There is one and only one way out of this mad rush for the precipice. Namely affordable contraception to every woman of the world now before economic development makes it available. There is no other solution except massive famine.