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Posted Sat Sep 26 2009: from
World goes into 'ecological debt'
The global recession meant "ecological debt day" on September 25 fell a day later than the previous year for the first time in 20 years as less resources were used. However environmental groups said the slow down was not enough to make a difference to the environmental damage being caused by over consumption, the burning of fossil fuels and intensive farming.... "Debt-fuelled overconsumption not only brought the financial system to the edge of collapse, it is pushing many of our natural life-support systems towards a precipic," he said. "Politicians tell us to get back to business as usual, but if we bankrupt critical ecosystems no amount of government spending will bring them back. "We need a radically different approach to 'rich world' consumption. While billions in poorer countries subsist, we consume vastly more and yet with little or nothing to show for it in terms of greater life satisfaction."
[Read more stories about: aquifers depletion, contamination, overfishing, rain forest depletion]

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'Doc Jim says:
If debt is the last growth industry, I wonder how I can profit from it?

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