In 2021, Gaya Herrington published a comparison of the World3 model’s (from Limits to Growth) predictions to date. She concluded that we are on a path either to collapse or to a sort of steady state where technology will blunt the worst consequences of pollution but further growth will not be possible.
The scenario that depicts the smallest declines, SW, is also the one that aligned least closely with empirical data. Furthermore, one of the best fit scenarios, BAU2, shows a collapse pattern. The other best fit scenario however, CT, shows only a moderate decline. Both scenarios show a slowdown in industrial and agricultural output. My research results at this point thus indicate that we can expect a halt in economic growth within the next two decades, whether we consider that a good thing or not. (Indeed, as the informed reader knows, economists and organizations like the IMF have been pointing out recently that we’re seeing a “synchronized slowdown in global growth“.) The strongest conclusion that can be drawn from my research therefore, is that humanity is on a path to having limits to growth imposed on itself rather than consciously choosing its own. However, my research results also leave open whether the subsequent declines in industrial and agricultural output will lead to sharp declines in population and welfare levels.
Club of Rome