While the pain we all feel in the current economic meltdown is very real, the system we’re attempting to revive was broken long before the latest bubble and recession. Our economy has come to depend on perpetual growth. Whether that growth is real (as in increasing throughput and the inherent liquidation of finite resources) or just on paper (speculators speculating about what other speculators will do), it cannot be sustained.
The problems with our current system extend far beyond its sheer unsustainability. It long ago stopped providing us the prosperity or happiness we seek. Our communities have been crumbling under the costs and impacts of growth, and rising GDP is no longer an indicator of increasing quality of life.