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View Diary: Owners of the world, unite (271 comments)

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  •  Missliberties is correct (3+ / 0-)
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    Egalitare, missliberties, Cordyc

    one is not going to eliminate greed by complaining about it.  It must be tempered by regulations that expose its costs on a product by product basis.  These costs in the form of social dislocation and environmental damage are ignored and not accounted for.  That said any true full accounting must be fairly made across the economies of all nations.  

    To do otherwise is only to permit the costs to eventually accumulate in the form of environmental degradation and this leads as you note to highly adverse economic outcomes everywhere this strategy is employed.  Oh sure, people don't recognize global warming and destruction of biodiversity as the result of economic activity, but the reality is that unless it is addressed in the context of environmental issues, the economic sustainability and soundness of alternative contexts will become irrelevant.

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