Opinion: Humans making planet uninhabitable

December 19, 2013 • United States, Daily Email Recap

Humans making planet uninhabitable
See: http://www.citizen-times.com/article/20131215/OPINION03/312150017/Humans-making-planet-uninhabitable

The village-level enterprises around which Adam Smith postulated his economic theories some three centuries ago have since undergone a metamorphosis into multinational monolithic global corporations. These have no national allegiances and no perceptible code of ethics in their worldwide operations. For the most part these operations are cancerous on the life-support systems of this planet. Of the 24 life-support systems outlined by the United Nations, 16 are in jeopardy due to human activities.

Incredibly, our economic thinking remains rooted in the era of Adam Smith. Economists still employ the term “Externalities” to classify multinational corporations’ pollution of the atmosphere, poisoning aquifers, depleting soils, devastating forests, acidifying oceans, devouring the planet’s last accessible resources to turn them into “products” while destroying fragile global ecologies built up over eons of time. Such “Externalities” are the main drivers of planetary ecological collapse, but are never taken into account in calculating corporate profits.

We have an economic system that is prone to collapse if excessive forms of consumption do not continuously grow. Over-consumption with its consumer addiction is propagated largely by corporate-controlled media. Rampant consumption requires overproduction which now is exhausting finite resources. The American GDP comprises 70 percent personal consumption. Should this economic model be replicated on a global scale, another 2.5 planet Earths would be required to provide the resources needed.

To read the full opinion, please click here: http://www.citizen-times.com/article/20131215/OPINION03/312150017/Humans-making-planet-uninhabitable

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