West needs to stop using scarce resources or we’ll pay a heavy price

I COULDN’T believe my eyes but it was all over the papers. The G8 wants growth.

The leaders committed themselves in that burst bubble which is the Lough Erne Resort to “exploiting all sources of growth” including “supporting demand.”

No more tax hikes, no more spending cuts, say the G8. Let’s make our people want more things. When we can’t have more things. Because we have enough already. The developed nations of the rich North — and the G8 represents eight of the most developed — can’t have any more growth because they already are rich enough. They have taken more than enough of the world’s goodies and they can’t have any more without blowing us all to eternity.