The economy sits inside a system that can be overloaded. That is carrying capacity.
Starting point
In 1972 the Club of Rome published The Limits to Growth, the Meadows study. It did not say collapse was a timetable with a date. It said that if population, industry, pollution, food production and resource use continued on the business-as-usual path, the limits would be reached within a hundred years. The IAS item’s key is 100 years, not 50 and not 10. The concept of limits to growth is propounded, in the U.P. item, by the Club of Rome, not by a single later ministry or by the Brundtland Commission.
Sustainable development, defined as meeting present needs without compromising the ability of future generations to meet theirs, is intertwined with carrying capacity. That is the ecological idea that an environment can support only so much demand. The IAS 2010 key is carrying capacity, not a purely financial ratio. The limit and the capacity are the same family of ideas: the economy is inside a biophysical system, not the other way around.
- Attach Limits to Growth to the Club of Rome, 1972, Meadows.
- Attach the horizon in that study’s warning to the next 100 years under unchanged trends.
- Define carrying capacity as the demand an ecosystem can support.
- Tie sustainable development to carrying capacity, not to a short-run GDP target.
- Do not call the Brundtland report The Limits to Growth. That swap is a later item’s trap.