The ecological effects of the four-fold increase in global manufacturing output between 1950 and 1970 were subject to scientific analysis in an international study published in 1972.
The authors of the aptly titled Limits to Growth warned that the tripling of carbon dioxide emissions that came with this unprecedented growth would lead to ecological and economic collapse in the 21st century if overuse of resources continued.
But the essential condition for the successful functioning of capitalism is a minimum 3% compound annual growth rate — for ever.