MB Civic

Christian in The Nation as part of their special “Reimagining Capitalism” issue ..

American capitalism must resolve the dead-end clash between conventional economic growth and the limits of nature. The choice is not optional .. Economic growth depends on raw materials and energy from fossil fuels. Raw materials and fossil fuels are not a growing part of the ecosphere .. Shareholder primacy and the drive for quarterly profits blind many companies to the long-term impacts of climate change and resource depletion, even though their companies’ profits depend on scarce raw materials, increasingly expensive energy and a permissive regulatory climate. In the face of such chronic short-termism, businesses that are incorporating environmental sustainability principles have a strategic advantage

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