Las Vegas Sun

October 22, 2017

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Letter to the editor:

Economic path has apocalyptic ending

Even though Paul Krugman won the Nobel Prize in economics, his column in Sept. 29’s Sun shows that he has no understanding of economics. His column advocates continuous economic growth, which is impossible. The same mistake is made by almost every economist on the planet.

The resources provided by the planet will not permit continuous economic growth. Humanity must adapt to that fact. Both presidential candidates are misleading the American public when they argue that their economic policies will increase the number of jobs available to the citizens of the USA.

That cannot and will not happen — there cannot be an ever-increasing number of jobs for an ever-increasing population, and our failure to understand that fact will lead to the collapse of the social order and the deaths of billions.

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