Growth focused economy is unsustainable

Most world leaders seem to believe that economic growth is a panacea for many of society’s problems. There are many links between our society’s addiction to economic growth, the disturbing ecological crisis, the rapid rise of social inequality and the decline in the quality of democracy. All these are deeply interconnected processes.

• Greater economic growth on its own does very little or nothing at all to enhance social well-being. 
• Reducing income inequality is an effective way to resolve social problems such as violence, criminality, imprisonment rates, obesity and mental illness, children’s educational performance, population life expectancy, and social levels of trust and mobility.
• Societies that are more equal do much better in all the aforementioned areas than more unequal ones, independent of their GDP.
• Unchecked capitalism tends to increase inequality and undermine democratic practices. The focus of a successful social policy should be to reduce inequality, not to grow the GDP for its own sake.
• Our frenetic economic activity has already transgressed ecological planetary boundaries. If current trends continue, humanity will soon face dire and dramatic consequences.
• Constant economic growth is a biophysical impossibility in a limited biosphere, and the faster the global economy grows, the faster the living systems of the planet collapse. This growth increases inequality and undermines democracy, multiplying the number of social problems that erode human communities.
• We have created a dysfunctional economic system of growing the pace of production and consumption, destroys the ecological systems upon which it depends. And when it does not grow, it becomes socially unsustainable. In a game with these rules, there is no way to win!
• Breaking the spiral of socio-ecological disaster is easier than we think. We do not need a new planet to colonize, but only to change the way we frame things.
• The economy is a subsystem of the ecology, not the other way around. If we begin to organize our priorities according to the biophysical reality rather than the market demands, it quickly becomes clear that our dominant economic system is absurd because it destroys the ecosystems that are the source of its wealth.
• In a desirable economic model the goal is to serve the well-being of communities and ecosystems and not to accumulate capital. At a global level we cannot afford to grow at all since we need to reduce economic throughput to be sustainable. 

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If the rich nations in the world keep growing their economies by 2% each year and by 2050 the poorest nations catch up, the global economy of more than 9 billion people will be around 15 times larger than it is now. If the global economy then grows by 3% to the end of the century, it will be 60 times larger than now. The existing economy is already environmentally unsustainable. It is utterly implausible to think we can “decouple” economic growth from environmental impact since technological advancement have only increased our impacts on the planet, not reduced them. The GDP – the monetary value of all goods and services produced in an economy – is a deeply flawed measure of progress.

Greta Thunberg - Speeches - Excerpts

Greta Thunberg (16), Climate activist from Sweden

On March 15, 2019, about 1.4 million students in 123 countries joined school strike for climate justice. I am going to continue school striking until Sweden is in line with The Paris Agreement.  Richest 10% of world population emits about half of greenhouse gases. Richest 1% emits more than the poorest 50%. About 100 companies emit approximately 71% of our total emissions of CO2. If the richest 10% of the world’s population would lower their emissions to that of the average citizen in EU, then the world’s emissions of CO2 would be cut by about one third. Our biosphere is being sacrificed so that rich people in countries like mine can live in luxury. It is the sufferings of the many which pay for the luxuries of the few.

• People tell success stories but their financial success has come with an unthinkable price tag.
• We need to start living within the planetary boundaries. This will be drastic change for many but not for most. Because most of the world population is already living within the planetary boundaries. It is minority who are not. 
• The main solution however is so simple that even a small child can understand it. We have to stop the emissions of greenhouse gases. And either we do that or we don't. 
• People are not aware that there is such a thing as a carbon budget. If you regularly fly around the world, eat meat and dairy and are living a high carbon lifestyle then that means you have used up countless of people’s remaining carbon budgets. Carbon budgets that they will need in their everyday life, for generations to come. Those whose carbon budgets we are stealing are the ones least responsible and the ones who are going to be affected the most by this crisis.
• We must change almost everything in our current societies. The bigger your carbon footprint is, the bigger your moral duty. The bigger your platform the bigger your responsibility. 
• I want you to act as if you would in a crisis. I want you to act as if the house was on fire, because it is. 
• We need to keep the fossil fuels in the ground and we need to focus on equity. And if solutions within this system are so impossible to find then maybe we should change the system itself. We have run out of excuses and we are running out of time. We have come here to let you know that change is coming whether you like it or not. The real power belongs to the people! 
• Rich countries like Sweden need to start reducing emissions by at least 15% every year to reach the 2 degree warming target. 
• We are in the midst of the sixth mass extinction, and the extinction rate is up to 10,000 times faster than what is considered normal, with up to 200 species becoming extinct every single day. Erosion of fertile topsoil, deforestation of our great forests, toxic air pollution, loss of insects and wildlife, the acidification of our oceans. These are all disastrous trends being accelerated by a way of life that we, here in our financially-fortunate part of the world, see as our right to simply carry on. 
• Our house is falling apart, and our leaders need to start acting accordingly, because at the moment they are not. If our house was falling apart, you would change almost every part of your behavior, as you do in an emergency. If our house was falling apart, you wouldn't hold three emergency Brexit summits and no emergency summit regarding the breakdown of the climate and environment. 
• No one ever speak about the aspect of equity clearly stated everywhere in the Paris agreement, which is absolutely necessary to make it work on a global scale. That means that rich countries like mine (Sweden) to get down to zero emissions, within 6–12 years, so that people in poorer countries can heighten their standard of living by building some of the infrastructure that we have already built, such as hospitals, electricity, clean drinking water and so on.
• The climate crisis has already been solved. We already have all the facts and solutions. All we have to do is to wake up and change. 
• Today we use 100 million barrels of oil every single day. There are no politics to change that. There are no rules to keep that oil in the ground. So we can’t save the world by playing by the rules. Because the rules have to be changed. Everything needs to change. And it has to start today. 
• Since our leaders are behaving like children, we will have to take the responsibility they should have taken long ago. 
• If burning fossil fuels was so bad that it threatened our very existence, how could we just continue like before? Why were there no restrictions? Why wasn't it made illegal? 
• I was diagnosed with Asperger's syndrome OCD and selective mutism. That basically means I only speak when I think it is necessary. Now is one of those moments. 
• If the emissions have to stop, then we must stop the emissions. Either we go on as a civilization or we don't. We have to change. We need a system change rather than individual change. But you can not have one without the other.
• Rich countries like Sweden need to start reducing emissions by at least 15 percent every year. And that is so that we can stay below a two degree warming target. IPCC have recently demonstrated, aiming instead for 1.5 degrees Celsius would significantly reduce the climate impacts.
• People keep doing what they do because the vast majority doesn't have a clue about the actual consequences of our everyday life.
• No one is acting as if we were in a crisis. Even most climate scientists or green politicians keep on flying around the world, eating meat and dairy. 
• What we do or don't do right now will affect my entire life and the lives of my children and grandchildren. What we do or don't do right now, me and my generation can't undo in the future. 
• We children usually don't do as you tell us to do, we do as you do. And if you adults don't care about my future, neither do I.