Stealing from our children: the real dilemma of growth and the need for new economics

STEALING FROM OUR CHILDREN aims to bring about a re-thinking of the economic thought and practices that are prevalent currently. The existing economic practices were developed when natural resources were plentiful, the global population small, and natural resource consumption was miniscule in relation to the reserves. But with a burgeoning population, a fast-changing demographic profile, and growth aspirations of people around the world putting pressure on natural resources, are our economic theories and practices still relevant? The authors hold the view that not only do our economic theories lead to unsustainable development, but in reality amounts to stealing from our future generations. What is worse, we will leave our children with a huge debt, which they will have to pay. This book provides evidence that our economic theories and capital allocation models do the same thing: promote current consumption at the cost of future generations.