Environmental Depletion

Can we consume limited resources forever? Is economic growth just a Ponzi scheme in which we borrow from the future? Is economic growth as we know it coming to an end?

Over two centuries ago, the first-ever professor of economics, Thomas Malthus, predicted that levels of personal income would stagnate. He argued that there was a limited supply of land and that, given diminishing returns, additional farmers would produce less additional food until eventually they would not be able to feed themselves.

Travel extends the mind. Here are some of the things I learned from a recent trip to Greece: about the age of the human condition, about how civilisations end with environmental depletion, about the stresses to the current Greek economy and about how trivial are New Zealand news websites. 

There are remnants of wall frescos from the 3500-plus year old Minoan palace of Knossos in Crete – home of the legendary Labyrinth and Minotaur.