Saturday, December 5, 2009

Why not to shop for Christmas: the Economy of Consumption

Our current economy is based on models of consumption, i.e. more consumed = more profit....but the critical issue we eventually have to arrive at is the fact that our resources are finite; the day we run out of resource is the day our economy stops growing...to avoid this we must come up with an economic model based on conservation over consumption, where the values (both economically and morally) are generated in the amount we give back instead of taken....

With the rising concern of climate crisis, we are preaching the tipping point where consumption will no longer have as much economic benefit (both short-term and long) as it used to have (theory of diminishing return: where it will take more in the future than now to achieve the equivalent desired effects)

The future challenge lies in our ability to build an economic system that profits from conservation, not consumption, Carbon Trading is a start.

"Our needs are little, yet our wants are always infinite."

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