Why Does Market Capitalism Fail to Deliver a Sustainable Environment and Greater Equality of Incomes?
I argue that free-market capitalist economies are biased against inventing/using green technology and against supplying the basic needs of the poor. With no mechanism for setting globally optimal prices for non-renewables, entrepreneurs choose labour-saving resource-intensive production methods. Fur...
Main Author: | |
---|---|
Format: | Journal article |
Language: | English |
Published: |
2005
|