The current global economy is structured on exponential growth. Under this model, a “healthy” economy is constantly growing and constantly increasing it's rate of growth. For example, instead of increasing by 1% every quarter, the goal would be to increase by 1% the first quarter, 2% the second, 4% the third, 16% the fourth, and so on.
Exponential Growth: Is It Good or Bad?
That's all well and good, until it meets reality. Unfortunately we live in a world that has finite resources. Infinite growth simply isn't possible, because we don't have infinite supplies of energy, food, and raw materials. Combine that with growing debt and you have a recipe for economic disaster.
Check out this video to learn more about the problems with the economy and what we can do about it.
Want to know more? Check out these related articles:
- The Truth About Inflation
- How to Prepare for a Slow Economy
- Set Up Your Crash-Proof Emergency Fund Before It’s Too Late
- For awesome survival gear you can’t make at home, check out the Survival Life Store!
Follow us on Facebook, Instagram, Twitter, Pinterest, and Tumblr!
**Disclaimer: All content on this site is for informational purposes only. Please read our full disclaimer .**
Editor’s Note: This post was originally published on July 7, 2015, and has been updated for quality and relevancy.
