We're conditioned to believe that economic growth is necessary for survival, but what if it's shooting our environmental goals in the foot? The New Economics Foundation argues in the new report Growth isn't Working that economic growth is restricted by the finite amount of resources on the planet.
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Today America chooses a new president in what is one of the most pivotal elections in history. The world changed sharply during the Bush administration with two recessions, 9/11 attacks, wars in the Middle East, and rising new powers in China and India. The two candidates for President - Senators McCain and Obama - offer distinctly different paths America will take in addressing this new world.
Hyperventilating observors keep talking about the current economic crisis in terms of a crisis of capitalism. This is a bizarre overreaction. And yet, aren't you asking the same question yourself?
Entrepreneurs drive economic growth. That's because all countries depend on the aspirations and ideas of their people to innovate, create jobs, and prosper.
Ever-faster means of communication and increasing ease of travel make it easier for entrepreneurs to start up and succeed on a global stage. But nations must do more than just rely on these trends. They need to unleash their citizens' ideas to scale up enterprise.
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The latest GDP figures from the federal government show a 2.8 percent annualized growth (found here). Unfortunately, this may be the last positive figure we see for a while, so it might be worth examining the details. Below is a chart I put together routinely for the Kauffman Foundation's blog, growthology.org, and which I will switch over to Fast Company for this initial post:
