The engine of economic growth and climate change

Speaker:- Ruth Irwin
Worship Leader:- Rachel Mackintosh

“Banks create credit ‛ex nihilo’ which means ‛out of nothing’. This brand new credit is the engine that forces economic growth into the system. Technological efficiencies are all absorbed and exceeded by growth. That means that new technology does not result in a reduction in climate emissions. Instead, there is an exponential increase in resource consumption. Understanding the banking industry is vital to begin to unwind the economic growth model, and its production of climate change.”