Tuesday, November 10, 2009

What is sustainable capitalism?

A new type of capitalist economy modeled on living systems -- capable of regeneration and renewal and ecologically sound, socially just and economically sustainable.

Since the fall of Communism, capitalism has been embraced around the world, even China. But the United States, in its seductive pursuit of wealth, has developed and is spreading around the world a competitive, exploitive industrialized system that is dependent on fossil fuels, heavy metals, plastics and pesticides. While the United States extracts resources from the earth, it doesn't put anything back for future generations, he said. At the same time, the economic system, he insisted, has abandoned the importance of relationships and ethics.

In its place, the country needs to build a sustainable capitalist society whose goal is "triple bottom-line management" -- where the bottom line isn't economic but ecological and the management is driven by ecological integrity, social responsibly and economic viability.

Author of 'Sustainable Capitalism' indicts U.S. society for failing to preserve resources for future generations

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