Capitalism v environment: can greed ever be green? - 2 views
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Stamenkovic A on 21 Dec 14The article discusses the fact that the now dominant capitalist economic system has contributed to the breaching of several ecological boundaries, in relation to climate change, biodiversity loss and nutrient enrichment. These contributed to the dead corals and rising seas. This global change can bring big costs for, among other things, tourism and infrastructure. Thus, the negative externalities are basically the public costs that come from the pursuit of private profit, representing massive risks leading to all recent recessions arising from the mis-allocation of risks.