Why do industrialized nations live so outside of their means?



  1. 0 Votes

    Industrialized nations so often live beyond their means because they could afford to. When it is simply a matter of buying materials and resources, that is an easy thing to do. Many natural resources, such as clean water, were seen as being to plentiful that there was no concern about running out. It seemed like a logical thing to do to many until we began to realize that our natural resources were strained and that the cost of using something like coal or oil or water is more than simply the cost of procuring the material, but that there are other external costs as well. It is these costs that things like carbon taxes try to capture, to make people pay for the true cost of their actions.

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