The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
Forty years ago, humanity was warned: by chasing ever-greater economic growth, it was sentencing itself to catastrophe. The Club of Rome, a blue-ribbon multinational collection of business leaders, scholars, and government officials brought together by the Italian tycoon Aurelio Peccei, made the case in a slim 1972 volume called The Limits to Growth. Based on forecasts from an intricate series of computer models developed by professors at MIT, the book caused a sensation and captured the zeitgeist of the era: the belief that mankind's escalating wants were on a collision course with the world's finite resources and that the crash would be coming soon.
The Limits to Growth was neither the first nor the last publication to claim that the end was nigh due to the disease of modern development, but in many ways, it was the most successful. Although mostly forgotten these days, in its own time, it was a