Growth is widely thought to be the panacea for all the major economic ills of the modern world.
Herman E. DalyBut the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.
Herman E. DalyWhile the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.
Herman E. DalyThere is something fundamentally wrong in treating the Earth as if it were a business in liquidation.
Herman E. DalyIf nonsatiety were the natural state of human nature then aggressive want-stimulating advertising would not be necessary, nor would the barrage of novelty aimed at promoting dissatisfaction with last year's model. The system attempts to remake people to fit its own presuppositions. If people's wants are not naturally insatiable we must make them so, in order to keep the system going.
Herman E. Daly