Commonsense tells us ‘no’, how can the world’s population consume more and more of the world’s limited supply of resources – impossible. The foundation of Oriental thinking, yin and yang, tells us the same thing. Yin and yang represent all the opposites in nature such as hot and cold, up and down, and expansion and contraction, in breathe and out breath, tension and relaxation.
In the long run, yin and yang always balance each other out, we cannot breath in for ever, the weather does not remain hot forever, day does not go on for ever. So it is the same with economic growth and contraction, growth at some point will be followed by contraction, and the greater or faster the growth, the greater the contraction that will follow. When Gordon Brown was the UK chancellor near the beginning of this century he promised, “no more boom and bust”, he then presided over the biggest boom and bust this country had experienced (to that time) since the 1920s.
But perhaps we should not be too hard on him or other chancellors, as they are part of this mass social delusion that “growth is good” and “more growth is better”. Granted, the economic growth we have had has made most people’s lives much more comfortable, but if we are going to be wise, we need to know when to say “this is enough”. If we find the point where our taking (from nature) is balanced and can be maintained, then we can truly escape from big economic fluctuations.