The world economy is based on ever-increasing population growth, said Nobel laureate Steven Chu, a scheme that economists don't talk about and that governments won't face, a scheme that makes sustainability impossible and that is likely to eventually fail.
Share to linkedin, 1997 Nobel Prize winner in physics, and the new president of the American Association for the Advancement of ScienceThe world economy is based on ever-increasing population, said Nobel laureate Steven Chu, a scheme that economists don't talk about and that governments won't face, a scheme that makes sustainability impossible and that is likely to eventually fail.
"Increased economic prosperity and all economic models supported by governments and global competitors are based on having more young people, workers, than older people," Chu said."Two schemes come to mind. One is the pyramid scheme. The other is the Ponzi scheme. I’m not going to explain them both to you, you can look it up. But it’s based on growth, in various forms."
"The economists know this, but they don’t really talk about it in the open, and there’s no real discussion in government," Chu said."Every government says you have to have an increase in population, whether you do it through immigrants or the home population. So, this is a problem."
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