Are economics and environmentalism related?



  1. 0 Votes

    Yes, most definitely. When companies are able to externalize the costs of environmental damage and social, meaning they let society at large deal with them, they incentivized to be destructive because it increases their bottom line since this costs were carried by others. For example the dumping of chemicals into rivers that then must be purified for drinking water or muscling local businesses out of business so they will be the only employer in town thus paying minimum wage and no benefits leaving medicare and the welfare system to pick up the slack. To have a green economy businesses must be held responsible for the damage they produce through social responsibility and looking at what is often called the triple bottom line; people, planet, and profit. In this model businesses create value in all three realms, social, environmental, and economic.

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