Cross-posted from JohnFeffer.com.
Capitalism and Communism shared one important principle in common: an almost religious devotion to economic growth. If a Five Year Plan didn’t produce the expected “great leap forward,” Communist officials fudged the figures. If a capitalist economy dipped into recession, economists tried to put the best face on the resulting “creative destruction,” arguing that it would prepare the ground for even greater growth in the future. Both capitalists and Communists treated natural resources as mere inputs to create larger and larger outputs.
Communism has largely collapsed and the environmental movement has challenged the religion of growth at all costs, but the global economy continues to revolve around measures such as Gross Domestic Product (GDP). The international financial institutions are all committed to growth. Political leaders, if they can’t produce a rising arrow on the graphs, worry that voters will take their revenge at the polls. Consumers expect bigger and better (or smaller and faster) things to buy every season.