In 1972, a policy group called the Club of Rome released an infamous and influential paper predicting all sorts of environmental doom. But now, more than 40 years later, leading environmentalist Bjorn Lomborg says that all these predictions have proven spectacularly wrong. Before 2013, for example, the world was supposed to run out of aluminum, copper, gold, lead, natural gas, oil, tin, and zinc. But instead, commodity prices are about a third of their level 150 years ago, showing no shortage whatsoever. Yet even with global GDP estimated to increase another 14-fold this century, Lomborg laments that the Club of Rome’s doomday mindset still reins in too many circles today.
July 31, 2013 by David Rothbard,
David Rothbard is co-founder and President of CFACT.