Bhutan rails against world’s ’suicidal path’ | World news | The Guardian
“Economic growth is mistakenly seen as synonymous with well-being. The faster we cut down forests and haul in fish stocks to extinction, the more GDP grows. Even crime, war, sickness, and natural disasters make GDP grow, simply because these ills cause money to be spent”, Thinley will say in Bhutan’s submission to the UN ahead of the Rio +20 earth summit in June. [...]
Bhutan’s leaders argue that institutions like the World Bank and IMF, set up in 1944 to govern commercial and financial relations between the world’s major states, are now perilously outdated and must be reformed to avoid catastrophe.
“Instead of progress [the world] has perilously accelerated ecosystem decline. Humanity is now using up natural resources at a 35% faster rate than nature can regenerate. This ecological destruction is not separate from global economic realities that are dividing rich from poor”, Bhutan will say in its submission.