Ecological Wisdom16 May 2005 07:03 am
by karma432 This quote is taken from Lester Brown’s “Eco-Economy” (2001), and is attributed to Oystein Dahle, retired Vice President of Esso for Norway and the North Sea.
Socialism collapsed because it did not allow prices to tell the economic truth. Capitalism may collapse becuase it does not allow prices to tell the ecological truth.”
I think that gets to the nub of it.
2 Responses to “A Green Economy”
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May 16th, 2005 at 9:42 am
Maybe. It’s hard to tell whether we have a genuine capitalist system, or crony capitalism as discussed by RFK Jr. What he says is that if the prices of the goods genuinely reflect the cost of cleaning up after themselves, then the prices will reflect that.
This is from an article in Rolling Stone that became the seed his book Crimes Against Nature:
RFK Jr. endorses genuine capitalism where the costs affect the market. He continues:
We have a system now where profit making corporations are subsidized to continue manufacturing their polluting products, and the government/taxpayer pays to clean it up.
The polluter should be forced to clean up his own mess. His customer will share the burden and the ecological truth will affect the market.
May 16th, 2005 at 10:23 am
Very good point.
However there are other ecological costs besides pollution that are not being represented such as resource depletion–oil, fresh water, and arible land being the most critical. The true cost of oil will only hit the marketplace when it starts running scarce, and by then it will be too late to make a smooth transition to any alternative.
The comment about corporatism makes me think that what we have today could be called democratic corporatism. Wereas in communism–in Stalin’s words–it wasn’t who voted that mattered, but who counted the votes; in democratic corporatism it isn’t who runs for office that matters, it’s who funds him. If you don’t get the corporate money, you don’t make it out of the starting gate.
–Tim