On Sept 20, 2014, an article by Betsey Piette
Capitalism Causes Environmental Damage
On Sept 20, 2014, an article by Betsey Piette
asserted that the warming of the planet earth is caused by capitalism.
According to Piette, a report by the UN meteorological advisory body raised the
alarm of high concentrations of chief greenhouse gas emissions that had reached
historic levels in the year 2013. This is a problem that has been brought about
by capitalism, as corporations are increasingly concentrating on making profit
instead of the environmental effects that their activities has. The consequences of capitalism on the
contemporary society have been a contentious issue since its emergence as a
type of an economic system during the late 18th century. Capitalism refers to
an economic approach that is distinguished by corporate ownership of capital
goods. Most corporate businesses only focus on the profits that their
activities are reaping without considering the effect that they their
activities have on the environment. The idea of capitalism is a blow out of
proportion to the natural environment as it negatively affects it. This essay
will look at the negative effects that capitalism has the natural environment.
In my town, capitalism is manifest by the
number of multi-national corporations that have set up their firms in it. There
are huge chunks of forest lands that existed a decade ago that have since been
cut down to be utilized as raw materials in addition to paving way for the
establishment of firms and corporations. This destroyed a lot of habitat that
was available, in addition to interfering with the climate of the area. As a
result, this has made me to determine how capitalistic activities impact the
Economics is a description of the systematic
manner in which human beings interact with the environment during the
production as well as reproduction of their lives. There is no environmental
issue that exists independent of economic relations. The many numbers of
environmental crises that are facing our planet are as a result of capitalism.
Utilizing Marxist concepts, this essay explores the relationship between
current economy and the environmental consequences. Multinational corporations
have the objective of attaining high-profit margins without consideration of
the influence that they have on the natural environment. Therefore, they engage
in activities that end up polluting the natural environment as long as they
have earned abundant profit.
We live within an economy that is capitalistic
in nature. Whereas the capitalistic system is still yet to penetrate into all
the corners of the lives of people, it does dominate the global economy.
Capitalism as a system is founded on the private ownership of methods of
production and expropriating unpaid labor by means of production and the
distribution of goods, with the aim of maximizing profits. Marx made an
exploration of the internal dynamics of capitalism, putting forward an argument
that capitalism must grow or die as a system. The goal of maximizing profits by
firms includes the search for raw materials and finding new markets during the
process of expansion. In order to maximize profits, it means that firms need to
find cheap sources of their raw materials, utilize cheap labor, and externalize
costs like pollution and waste disposal.
The polarization of wealth, as well as
poverty, is an evolving characteristic of capitalism. In the absence of any
form of intervention, wealth will concentrate in the hands of a small
proportion of people in the society, making poverty to drown the vast majority.
Pressing poverty has environmental consequences. For the people who have the
ability to consume, the grave environmental footprint of consumers is a direct
outcome of an economic system that calls for the maximization of consumption so
as to satisfy profit maximization.
Capitalistic economic activity has resulted in
several worst abuses of the natural environment, which is air, water, or soil.
A lot of habitats have been destroyed by capitalistic activities while other
resources such as forests have been depleted. It is relatively difficult to run
an intensifying capitalistic economy while at the same time maintains its
impacts in safe ecological boundaries. The dominating capitalistic economic
system has led to a breach of a number of ecological boundaries relating to
climate change, biodiversity loss as well as nutrient enrichment. As a result,
capitalism damages the natural systems that sustain it. The logic of
establishing laws that will control the environment from being polluted runs
counter to the maximization of profits by corporations. Environmental crises
are endemic to capitalism.
I feel that the solutions of the environmental
concerns lie in “green capitalism.” This is where the production of goods by
corporations takes place while taking care of the environment from any
destruction but still replicating the relations of capitalism all over the
bank, which ought to work on the basis of maximizing profits. The answer for
environmental issues (that are established by social issues) actually is not
muddled: re-request economic needs to support feasible improvement and dedicate
a small amount of the cash as of now spent on the military worldwide to social
advancement. Inborn in these arrangements, however, is an upset in economic and
social action. One cannot wish away the inward elements or laws of a framework
and still safeguard it. The economic needs of private enterprise can't be
"re-requested" without obliterating the economy as private enterprise
and remaking it into something else, something favorable and feasible.