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  DT1 - back in the 70's I remember a tv debate where your point of growth was made. Too long ago to remember the details but they then thought it had reached the tipping point but was really just excuses for the failure of Keynes economics.
  
  Your resources argument for growth is based on a far too limited interpretation of growth. It is not just about consuming ever more and more of our limited resources and, even that, does not take into account the full potential of re-cycling. (Yes, I have serious queries about how re-cycling is being addressed currently, but that is another debate). That is even before space exploration opens up more avenues to extend our search for resources too. So that is a false argument. Growth is not all about production levels, it is about wealth generation and that goes beyond the factory gate to new technologies etc etc. Many people in many sectors these days are growing businesses and generating wealth without producing physical material goods.
  
  Friedman's Free to Choose is another of my recommended reading to Alexander but to fully appreciate that you have to understand the basics of Hayek's Austrian school of economics.
  
  The problem in the UK is that far too many of the establishment have been indoctrinated by Keynes on whose ideas our post-war economy was built much to our cost. Politicians love Keynes because he provides an excuse to intervene, to borrow and to tax and spend. The problem comes because they forget the other part of Keynes, the bit about balancing the current account and repaying debt.

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