Prophesy of economic collapse 'coming true'
November 23, 2008 10:15 AM Subscribe
In 1972 the Club of Rome published the famous book Limits to Growth that predicted exponential growth would eventually lead to economic and environmental collapse. It was criticized by economists and largely ignored by politicians. Now Graham Turner at the Commonwealth Scientific and Industrial Research Organisation (CSIRO) in Australia has compared the book's predictions with data from the intervening years. According to Turner (PDF report) changes in industrial production, food production and pollution are all in line with the book's predictions of collapse in the 21st century. According to the book, the path we have taken will cause decreasing resource availability and an escalating cost of extraction that triggers a slowdown of industry, which eventually results in economic collapse some time after 2020.(via; previously; previously)
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