Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Particularly over the last 15-20 years, GDP growth has been driven by activities that consume little or no physical resources - information, banking, service sector etc.
That has to be a good thing, since it shows that "growth" is possible without increased resource use precisely because the monetary value of intangible services is included in our measure of activity.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Tue Aug 18th, 2009 at 07:19:11 AM EST
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