If your year’s salary was used up nine months into the year, and you were forced to live on savings and use up assets, you would rightly be criticised for not keeping control of your economy. That is, however, precisely what we are doing.
Humanity has demanded all the ecological services – from filtering CO2 to producing the raw materials for food – that nature can regenerate this year. For the rest of the year, we will meet our ecological demand by depleting resource stocks and accumulating greenhouse gases in the atmosphere.
This is why there is a need for a new economic paradigm to match economic realities with ecosystem realities.