Venture capital and growth
- On December 8, 2020
- By GrowthInvest Marketing
There is a lot of discussion these days about whether economic growth is really a good thing. Endless GDP growth cannot be sustainable, we are limited by our planets’ resources ultimately and the biosphere that we inhabit. Kate Raworth developed many of these ideas in her amazing book ‘Doughnut Economics’; Humanity’s 21st century challenge is to meet the needs of all within the means of the planet.
Indeed, there is a strong ‘de-growth’ movement – that actually what is required to save the planet is a complete reworking of the global economy away from growth altogether, certainly amongst the most developed economies. I have a lot of sympathy with these views and I would support a number of more radical solutions to humanity’s current dilemma.
However, we have to work with what is in our hands right now. Within the capitalist system there has to be the concept of ‘good growth’. ‘Bad’ companies can be replaced with ‘good’ companies, bad technologies from an environmental point of view replaced with great technologies that can cut emissions and reduce pollution.
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