The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

Presumably, technology has made man increasingly independent of his environment. But, in fact, technology has merely substituted nonrenewable resources for renewables, which is more an increase than a decrease in dependence.

While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.

Growth is widely thought to be the panacea for all the major economic ills of the modern world.

The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimited growth.... Yet one certainly does not cure a treatment-induced disease by increasing the treatment dosage.

We need an economics fit for purpose in a finite and entropic world.