There are physical limits to growth on a finite planet. In 1972, the Club of Rome issued their groundbreaking report—Limits to Growth (twelve million copies in thirty-seven languages). The authors predicted that by about 2030, our planet would feel a serious squeeze on natural resources, and they were right on target.In 2009, the Stockholm Resilience Center introduced the concept of planetary boundariesto help the public envision the nature of the challenges posed by limits to growth and physical/biological boundaries.
They defined nine boundaries critical to human existence that, if crossed, could generate abrupt or irreversible environmental changes.The global economy must be viewed from a macro-perspective to realize that infringement of the planetary boundaries puts many life support ecosystems in jeopardy. Without functional ecosystems, the very survival of life forms, as well as human institutions, is put in doubt, including any economy. There is no economy on a dead planet!