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Experts have pinpointed exactly when society will collapse
Experts have pinpointed exactly when society will collapse
A prediction about when society is most likely to collapse, made by scientists in the 1970s, has resurfaced – and it looks pretty bleak. Scientists at the Massachusetts Institute of Technology (MIT) used a computer to model patterns like population, natural resources and energy usage. The study, published by Club of Rome, picked out when these factors could hit “limits to growth”, which they said could lead to the downfall of modern life as we know it. They think we’ve got fewer than two decades left, with collapse due in 2040. Gulp. Sign up to our free Indy100 weekly newsletter At the time, the report wasn’t given much credence. But a similar study was carried out in 2009, and came up with similar results. Published by American Scientist, the more recent study found that the model’s results were “almost exactly on course”. "It is important to recognise that its predictions have not been invalidated and in fact seem quite on target. We are not aware of any model made by economists that is as accurate over such a long time span," the study said. And to make matters worse, Dutch sustainability researcher Gaya Herrington concurred with the prediction in 2021. Speaking to The Guardian, Herrington said: “From a research perspective, I felt a data check of a decades-old model against empirical observations would be an interesting exercise.” Herrington found that data aligned with the predictions made back in 1972, which had a worse case scenario of economic growth coming to halt at the end of this decade, and collapse around 10 years later. Thankfully, there was a reason to be cheerful too. She added: “The key finding of my study is that we still have a choice to align with a scenario that does not end in collapse. "With innovation in business, along with new developments by governments and civil society, continuing to update the model provides another perspective on the challenges and opportunities we have to create a more sustainable world.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-14 19:28
Canadians firms see inflation easing, sluggish demand - central bank survey
Canadians firms see inflation easing, sluggish demand - central bank survey
By Steve Scherer and David Ljunggren OTTAWA, Oct 16 Canadian businesses see inflation easing over the next two
2023-10-16 23:00
New Contract Signed by the Municipal Workers of Conception Bay South
New Contract Signed by the Municipal Workers of Conception Bay South
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--May 26, 2023--
2023-05-27 02:51
Apple is close to becoming the first public company valued at $3 trillion
Apple is close to becoming the first public company valued at $3 trillion
Apple is near to becoming the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits
2023-07-01 02:22
US arm of China mega-lender ICBC hit by ransomware attack
US arm of China mega-lender ICBC hit by ransomware attack
The US arm of China's largest bank said it was hit by a ransomware attack, forcing clients to reroute trades and...
2023-11-11 00:46
Biden’s Legislative Chief to Step Down as 2024 Campaign Nears
Biden’s Legislative Chief to Step Down as 2024 Campaign Nears
President Joe Biden’s legislative director Louisa Terrell is stepping down from her role, the latest major departure from
2023-07-15 01:24
T. Rowe Price on Intervention Alert as Yen Nears 150 per Dollar
T. Rowe Price on Intervention Alert as Yen Nears 150 per Dollar
The yen is nearing levels that will likely prompt Japan to again jump in and defend the currency,
2023-06-26 08:16
New Zealand economy to remain sluggish for 2 years, although doing better than feared, figures show
New Zealand economy to remain sluggish for 2 years, although doing better than feared, figures show
New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, new figures indicate
2023-09-12 10:58
BOJ Is Handing Back the Japanese Bond Market to Investors
BOJ Is Handing Back the Japanese Bond Market to Investors
The Bank of Japan is bringing an end to its near monopoly of control over the nation’s bond
2023-10-31 16:21
Walmart Teams Up With Khan Academy to Offer a Free Financial Literacy Course for Associates, Customers and Communities
Walmart Teams Up With Khan Academy to Offer a Free Financial Literacy Course for Associates, Customers and Communities
BENTONVILLE, Ark.--(BUSINESS WIRE)--Jul 18, 2023--
2023-07-19 05:25
Most markets down as US debt impasse sparks Fitch ratings warning
Most markets down as US debt impasse sparks Fitch ratings warning
Most Asian equities sank Thursday on fears of a US default as the struggle to hammer out a debt deal led Fitch to warn the country's...
2023-05-25 11:16
Serial fraudster Mark Acklom freed from Spanish jail, court told
Serial fraudster Mark Acklom freed from Spanish jail, court told
Mark Acklom was jailed in the UK for conning an ex-partner of £300k and then extradited to Spain.
2023-08-10 21:52