Perpetual growth idealizes endless growth in all aspects, including the economy and human population, but the fallacy lies in the assumption that said growth is sustainable, especially when there is no type of control or measure with which to establish the correct percentage of growth during a given period that produces the desired effects.
Perpetual growth is a somewhat abstract concept that idealizes endless growth in all aspects, including areas such as the economy and human population, due to the belief that such eternal growth is something to be desired. The reason for this desire can be attributed to the belief that population growth is proportional to the growth of the economy due to the fact that the larger the population, the more active the economy. A perpetual growth in the population will lead to a perpetual growth in the economy in terms of the demand for products by the members of the community, which will lead to higher production and higher consumption with the desired effect on the Gross Domestic Product. (GDP).
When a nation’s population grows, the notion under perpetual growth is that these people need to consume resources to survive and prosper. This means that a constant growth in the size of the population will lead to a situation in which the economy can always depend on the demand of the members of the community to support the growing population. Such people will need diapers, cribs, food, shelter, services and other forms of consumables in others to live comfortably. This demand for products and services also encourages and sustains perpetual growth in the economy due to the fact that producers and manufacturers will strive to keep up with demand, leading to more employment, increased market activity, and corresponding growth in the market. economy. Here it is assumed that population growth parallels economic growth, even though some examples of nations that are basically overpopulated have not necessarily shown a corresponding level of economic growth in proportion to population growth.
The fallacy of perpetual growth lies in the assumption that said growth is sustainable, especially when there is no type of control or measure with which to establish the correct percentage of growth during a given period that produces the desired effects. In addition to this lack of measure, runaway growth has more than its share of negative effects in terms of the pressure that spiraling growth places on the limited amount of resources on the planet. A perpetual growth in population means that there must be a perpetual source of resources available to sustain the growth when nothing could be further from the truth. This is due to the fact that most of the resources on earth are not inexhaustible and will be depleted if perpetual growth is maintained, eg land.
Smart Asset.
Protect your devices with Threat Protection by NordVPN
