I think nothing will change as long as economic growth is understood as economic Good . Current economy can't work if there's no economic growth. Banks are among the biggest culprits. If banks lend money at a 5% interest rate, their customers must grow their businesses by 5%. A new, sustainable economy is needed. I think about it each time I see the Race for the Galaxy card. I've seen a radical example of this among…
Modern capitalism can be easily sustainable. You just have to do two things. 1) Legislate frameworks for market based solutions to externalities i.e. tragedies of the commons such as air pollution, water quality, etc. Cap and trade would be one framework for addressing CO2. 2) Eliminate mercantilism, where government policies are used to interfere in market forces, usually for the benefit of wealthy business owners.…
How much pollution is OK? What is the market price for a pound of carbon in the air or part-per-billion of mercury in waste water? Those decisions would be made by regulators, meaning there would be influence-peddling.