I found an interesting article yesterday by David Hillyard of Earthwatch Institute which can be seen here, along with a comment from me (among many). Much of his article was about our failure so far to shift from the path of environmental destruction and how the pursuit of economic growth seems to trump sustainability. I supported him on this and in fact both our posts were mainly cries from the heart for us to mend our ways.
His closing comment is "In a world driven by a market economy, business has vital role to play in moving to this new future and can step up and play a leadership role in creating a sustainable future."
My own final sentences were rather non-committal:- "Our economic infrastructure - our companies, capital markets, company law, taxation etc - were designed for an age when the case for economic growth was much stronger. It will be very interesting to see whether leadership towards true sustainability emerges from within the economic infrastructure itself, as David Hillyard suggests it might."
Here is my post in full (edited very slightly):-
"My own reading of the science and economics of climate change, and of other environmental issues, strongly suggests that material living standards in the developed world must fall if the environmental threats are to be effectively confronted. I think we have strong grounds to hope that we can nevertheless enhance our health and happiness.
"The recession we may soon emerge from was unplanned. What we now need is a planned long-term recession that reconciles enhanced health and happiness with falling material living standards. We will obviously need to confront difficult questions such how to pay for health care, honour pension commitments and give people opportunities for purposeful activity in the context of a possibly shrinking formal economy.
"The Government and most of the political class clearly don't see it this way. Political leadership towards a truly sustainable economy is conspicuously lacking. In the media, contributions such as this by David Hillyard still seem to belong in the fringe of public discourse. The desirability of economic growth is treated as a truth universally recognised.
"Our economic infrastructure - our companies, capital markets, company law, taxation etc - were designed for an age when the case for economic growth was much stronger. It will be very interesting to see whether leadership towards true sustainability emerges from within the economic infrastructure itself, as David Hillyard suggests it might."
No comments:
Post a Comment