Did the recession cause polluting businesses to disappear or just small ones that didn’t have that large of an effect?



  1. 0 Votes

    The recession of the late 2000s rained on the just and the unjust equally, so to speak; I don’t think there is any correlation you can draw between failed businesses and their environmental effects. Heavily polluting industries such as coal-fired power generation are still going strong, while many start-ups working on ideas for renewable power went under; conversely, some big polluters found themselves in trouble while other companies pushing green ideas are making big bucks. Historians, economists and politicians will probably debate the causes of the “Great Recession” for decades to come, but the conventional wisdom is that it was caused mostly by the collapse of artificially inflated retail housing prices in the United States and the resulting wave of mortgage foreclosures. I don’t think that whether a business was a big polluter or not really factored into the equation to a large degree. Almost all businesses since the fourth quarter of 2008, regardless of what they do or how cleanly they do it, have been dealing with decreased revenues, increased costs of labor and usually declining demand for whatever it is they supply. Because each sector of the economy is interdependent, basically we all sink or swim on the same economic tide.

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