21 November 2011

The Economics of Reasoning


An article I published in The New Wolf in July 2011:


“Green is the New Black” reads a t-shirt made of bamboo that I own. It epitomises the shift industries are making towards sustainable products to follow the green trend. There is a high demand for green products and therefore a financial incentive for businesses to go green. It is a decision taken on principle: the maximisation of profit. Companies are not investing enough in long-term sustainability. Rather than making potentially risky investments, they are making cut-backs and savings to stabilise their short-term futures. Consumers mostly want immediate benefits out of their purchases because today’s struggling economy forces many of them to simply survive, and companies are (of necessity) servile to this demand. Most consumers prioritise spending little over spending ethically: they cannot always afford the immediate costs of investing substantially in sustainable products like renewable energy sources. Organic food and recycled clothes are popular green products though because they are relatively cheap and have the instant feel-good factor. Contemporary Western society revolves around immediate results, explaining why the internet, crash diets, fast transport and disposable products are becoming the hallmarks of the present age.

Making a true and lasting difference to global consumption is onerous as it involves making long-term investments that require short-term sacrifices. The Centre for Alternative Technology is promoting a Zero Carbon Britain (ZCB) Day on July 16th. Their aim is to make Britain carbon-free by 2030. ZCB Day encourages everyone to live totally carbon-free for the day, as well as to consider the long-term measures they and the nation can take to reach the zero carbon goal by 2030. 

Our attempts so far to consume more sustainably are not effective enough. By looking for quick fixes to the multifaceted issue of climate change we risk cutting corners and provoking further predicaments for ourselves. 


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Image not my own



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