NOT SO GREEDY

As a comment on the Greenie claim that rich countries consume 80% of the world's resources, Gerry Jackson has emailed me the following:

"Greenie claims that the rich countries consume 80 per cent of the world's resources while poor countries consume the remainder is just sloppy thinking. If this were literally true there would be nothing left after 12 months. What the rich countries actually do is produce 80 per cent of the world's annual output, the value of which they then consume. They do this by converting raw materials into higher-valued goods. For example, silicon is transformed into fibre optic cables and computer chips. Therefore, once we look at the situation in terms of production we see that leftwing claims that rich countries consume at the expense of the poor ones are utter nonsense.

In any case, the earth's resources are not fixed. How can they be when the state of technology defines resources? This means that because technology has to be applied through the use of capital, economic growth is really a resource-generating process. It follows that the only road to prosperity is economic growth, the very process that the Greens are dedicated to destroying."

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