The world is living on borrowed time

Last Thursday was overshoot day, the moment humanity began eating its young

Beginning last Thursday, the world was running at a deficit. Not a fiscal deficit—not heading into or already in a recession, though much of the developed world may already be in or fast approaching that unenviable position—but a far more pernicious deficit. On July 28 the world passed through the "Overshoot Day," the moment humanity had already consume…