Instead the economy is a subsystem of the finite biosphere that supports it. When the economy's expansion encroaches too much on the surrounding biosphere, we begin to sacrifice natural capital (animals, plants, minerals and fossil fuels) that is worth more than the manmade capital (roads, factories, appliances) added by ‘growth'.
Herman E. DalyRelated topics
begin expansion fossil natural worth roads biosphereRelated quotes
We've always been under sanctions. Even under all those sanctions we have made the growth thus far, so I am not afraid.... If you wish to lift the sanctions then lift them, or if you wish to impose sanctions then impose them. I do not care. We will improve our economy further no matter what.
Kim Il-sung
The Marxist critique is only a critique of capital, a critique coming from the heart of the middle and petit bourgeois classes, for which Marxism has served for a century as a latent ideology.... The Marxist seeks a good use of economy. Marxism is therefore only a limited petit bourgeois critique, one more step in the banalization of life toward the "good use" of the social!
Jean Baudrillard
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
Thomas Piketty
I don't consider myself an activist, but I realize how much I've benefited from the sacrifice of others, ... So if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it's worth the trade-off with my own privacy.
Tim Cook
Words change their meanings, just as organisms evolve. We would impose an enormous burden on our economy if we insisted on payment in cattle every time we identified a bonus as a pecuniary advantage (from the Latin pecus, or cattle, a verbal fossil from a former commercial reality).
Stephen Jay Gould