The Status Quo’s Fundamental Paradigms Are Broken

Monday, November 15, 2010
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/15/2010

Submitted by Charles Hugh Smith from Of Two Minds

The Status Quo’s Fundamental Paradigms Are Broken

The paradigms which undergird the global status quo are broken; doing more of the same (the current strategy) will not fix them.

Reading the Mainstream Media, you almost forget that the Status Quo’s fundamental paradigms are completely broken. The Status Quo’s essential paradigms are as follows:

1. “Growth” is the essential lifeblood of the global economy.

2. “Growth” means higher GDP and economic activity. Thus new luxury condos and Starbucks cafes on the coast of Peru boost Peru’s GDP, and thus Peru is experiencing “growth” which is not just intrinsically “good” but essential.

3. “Growth” requires consuming more resources.

4. There will always be more resources into the foreseeable future. For instance, here is the Status Quo’s depiction of fossil fuels supplies:

The Rest…HERE

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