Posted on October 7, 2016 by Tia Lalani

Professor Peter Berg’s book Finite World, Infinite Money: Sustainability’s Real Dilemma was published in German just last May by oekom, a publishing company based in Munich. From the cover, we learn the following: Since 2008 the world finds itself in a state of emergency. A global financial crisis is joined by ever growing debt levels and increasing inequality. …

Professor Peter Berg’s book Finite World, Infinite Money: Sustainability’s Real Dilemma was published in German just last May by oekom, a publishing company based in Munich. From the cover, we learn the following:

Since 2008 the world finds itself in a state of emergency. A global financial crisis is joined by ever growing debt levels and increasing inequality. China’s rise to world power largely determines the fluctuating price of resources. Several countries have become unstable, and face civil war or mass emigration. All along climate change is picking up pace and puts our techno-fetishism to the test.

From a physicist’s point of view, the root cause of these developments can be found in the inherent contradiction of perpetual economic growth on a finite planet, driven by a monetary system without intrinsic value. With dramatic consequences, this monetary system is now losing its validity as economic growth comes to an end, an inevitable outcome of the diminishing returns of resource use. In contrast, a sustainable society needs a monetary system that can ensure a minimum level of infrastructure, education and health care, without the need for economic growth. This book unravels the inter-dependencies of these critical aspects of our lives.

Click here to purchase the book on Amazon! Congratulations professor Berg!

 

 


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