Before answering your question, you need to first be clear what "sustainable" means. For me sustainable means that we can continue to life as we do indefinitely.
Our current economic structure, due to its reliance on credit, requires perpetual growth and development in order to pay off today's debts. Debt in all forms has been growing increasingly and rapidly in recent years.
Infinite growth is not possible on a finite planet.
In many areas we are already seeing the limits of growth, from strains on oil supplies to global population growth starting to slow down. This is already, today, putting a strain on our economic systems.
Since our current way of life can only be sustained by future growth, it is by definition not sustainable unless you sincerely believe growth to be without limit (this would require near term interplanetary travel and energy advances such as fusion). As mentioned, we are already seeing system strain suggesting we are hitting limits.
Contraction is the preferable path of the two realistic alternatives, the other is complete collapse.
How do you propose the economy growth for the foreseeable future and becoming more sustainable?
By becoming more digital and services based. Most new added value is from non-physical activities, i.e. does not require significant raw material input. We'll also likely get better at recycling and using biology to create new sustainable sources for inputs, like hydrocarbons
Our current economic structure, due to its reliance on credit, requires perpetual growth and development in order to pay off today's debts. Debt in all forms has been growing increasingly and rapidly in recent years.
Infinite growth is not possible on a finite planet.
In many areas we are already seeing the limits of growth, from strains on oil supplies to global population growth starting to slow down. This is already, today, putting a strain on our economic systems.
Since our current way of life can only be sustained by future growth, it is by definition not sustainable unless you sincerely believe growth to be without limit (this would require near term interplanetary travel and energy advances such as fusion). As mentioned, we are already seeing system strain suggesting we are hitting limits.
Contraction is the preferable path of the two realistic alternatives, the other is complete collapse.
How do you propose the economy growth for the foreseeable future and becoming more sustainable?