Short articles and messages in the media reported that the more than seven billion consumers on this planet had consumed on July 29 as many natural resources as the entire planet reproduced in the complete year. After less than a week the media did not give more information or comments about the EO day.
The cause that the EO day happened and happens every year earlier in the year, except, may be, in the year 2020, is the macro-economic practise of maintaining growth in the development of the free market economy.
Growth implies to produce more. However, production figures are incorporated in the growth statistics of countries only if that which had been produced was also sold. Otherwise it is taken back by the supplier and can become waste.
What is sold is bought by someone, either a final consumer or an entrepreneur who makes products for the final consumer or a producer who supplies the entrepreneur. The final consumer is the one who digests goods and services in his personal life. All of them eventually consume everything that is sold, because everything that is produced is made in a process to satisfy the demand of the final consumer.
So, in order to keep the development of the free market economy growing, more than seven billion consumers have to continue consuming more of the limited resources of the planet.
Every intelligent person should know that it is not possible to continue consuming more of limited resources because they will become depleted.
To maintain growth in development is not an option any longer in the management of the free market economy, if mankind wants to survive.
An ideal development of the economy is presented on the ideal development page.
Hoeilaart, May 30, 2020