A debt-based economy cannot survive if it does not keep growing, writes David Ashton . However, it is vital to understand why there is the fixation on GDP and economic growth in the first place. Ninety-seven per cent of all money circulating is borrowed and a debt-based economy cannot survive if it does not keep growing in order to service the interest on the debt. The pursuit of economic growth at all costs is driving planetary destruction and creating untold misery for huge numbers of people. Maurice VassieYork• Join the debate – email guardian.letters@theguardian.com• Read more Guardian letters – click here to visit gu.com/letters

Source: The Guardian December 06, 2017 18:45 UTC