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A False Choice For The Ages – Capitalism Or The Environment: On A Dying Planet You Can’t Have Both

October 8, 2013

The Oldspeak Journal

http://theoldspeakjournal.files.wordpress.com/2013/10/698e1-cap_env.jpg?w=480&h=538Oldspeak: “The capitalist drive to maximize profits explains the externalizing of environmental costs. Capitalism allows small minorities to profit at the expense of others. Private ownership of what are social means of livelihood allows capitalists to make decisions that pass the real costs of industry to communities, workers, future generations and other species… Worse, capitalism requires constant growth because it always needs more profit. Making ever more profit is what motivates people to make investments. But what happens when the environment needs a smaller human footprint? When, at least in wealthier countries, we must learn to live with much less stuff? Supporters of capitalism claim the system is based on freedom and choice, but when it comes to the environment for many people this amounts to the freedom to choose between destroying the planet or having a job…. The business pages are full of stories quoting the captains…

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