But in the 1970s, some countries caught up.

The financial system is built on the assumption of growth

A global crisis in agriculture.

India is going to have a lot of young people with a demographic dividend for the next 30 years.

To continue growth, more resources are required than the Earth can provide, but no new planets are available.

If an economy grows at the current average of 3 , it doubles every 23 years.

Is that we made 350,000 in this year.

In the 1980s, the global expansion of the talent pool continued.

But the net effect of more utilization, and more investment is going to be an increase in supply. is going to be an increase in supply.

And you hear the words scarce resources a lot when people talk about economics.

That was one of those turning points where I said, wow what am I doing here?

So the amount that this number grows by, the amount that our equity grows by, is earnings.

Where do they get their water? Where do they get their shelter?

Resources.

Then there is the whole northern India, which is going to be the bulk of the future demographic dividend.

Increase

You move to an area and you multiply and multiply until every natural resource is consumed.

And if you look at the species level, you saw about fish.

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We have greatly increased the gross national product, and increased the tax base and the revenues of the federal government.

Do you all know that Spain part of the EU got 10 billion dollars in aid from the rest of the EU?

So let me erase that and then let's add a line right over here so we can say Accounts Payable increase and now this is a source of cash.

Monetary policy is more indirect.

increasing Y

They are the happiest place.

In order to restore the bond, we need to utilize regional resources.

And economics is very interested in scarcity.

We've also seen some evidence that all this is making a difference because private investment flows have increased.

From your standpoint this means a great increase in climate refugees over the coming decades, and what goes along with that, which is resource wars and chaos wars, as we're seeing in Darfur.

It's your resource it's not somebody else's.

What happened is a market that didn't exist all things have just come together, and it's become the year of online education, or it's become the year of the network, or it's become the year of the mobile phone or smart phone.

Growth of use will consume any energy or resources saved through conservation.

An analogue would be the growth of bacteria in a petri dish.

We'll grow by six cities of 12 million people a year for the next 30 years.

Well, because there's a lot at stake.

Enhancing grav plating.

Offer more money.

It takes too much energy. It will cost too much.

I have unauthorized allocation

So this is essentially lending money.

And that it wasn't until 2009, when President Obama signed off on a surge, that we finally had, in the words of Secretary Clinton,

So there's lots of reason for pessimism.

As the world becomes wealthier as well as more populous, we're seeing increases in dietary consumption of meat, which take a lot more resources than a vegetarian diet does.

That country has natural resources.

But we need to think broad scale. We need to think globally.