Real growth has, in fact, no limits.

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Since the paradigm shift towards a zero-growth society, brought about by the forces behind the Club of Rome—aided and abetted by more than 30 years of conscious lies and propaganda2—billions of dollars have been thrown away upon ideologically motivated projects. A correction of the worst excretions of this paradigm shift is long overdue. But what should be the conceptual basis for this overdue correction, for an enduring improvement of the human economy in the biosphere? That is the question.

First, let us ask ourselves, what made it so easy for the Club of Rome to pull off its desired paradigm shift? The trick they pulled in their notorious report, The Limits to Growth, was so transparent, that nobody should have fallen for it. The trick consisted of using the word “growth,” for something which is, in reality, only “multiplication.” It reminds one of the classic example of the lily pond, where the plant population doubles each week. After only one week it is completely full, and—Help! But that is not growth, it is no more than multiplication, which naturally finds its “limits” in the pond’s surface area.
True growth includes a quality that transcends mere multiplication. The clearest example is the growth of a human being in the first year after the fertilization of the egg, from which he or she grows. In this process, it is not so much a question of multiplication of cells, but rather permanent differentiation, reorganization, and the development of new organs, which are the substance of true growth. The quality of change of the growth process becomes particularly obvious with the singular event known as birth. Yet, in principle, the same qualitative transformation is true for any growth process that is capable of maintaining itself over any length of time. Naturally, that is especially the case for economic processes.

Why did almost all politicians, economists, and scientists fall for this simple trick? The reason lies in a deeply rooted flaw in the thinking process of the dominant free market economic doctrine, which makes its acolytes blind to the trick. Anyone who thinks that value is created by the parasitical buy-low-and-sell-high principle, does not understand true growth at all.

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http://www.21stcenturysciencetech.co.../NoLimits.html