FINANCE AND ECOLOGICAL-SUSTAINABILITY.
EDITORIAL: NICOLAS KYNIGOS.
The clock is ticking, our nations socio-economic sustainability depends on the actions and decisions we all make, the earth is rapidly increasing in population that will require more farmland and urban living space. Future demand for energy and food consumption with finite resources can result in devastating financial after shocks. Humanity is heading towards an economic and biome melting point.
North America needs to catch up with the rest of the [Green World] We need to agressively compete using [Green] innovation, techno-communications, and vigorous recycling programs, disposing harmful electronic-waste, nuclear and other hazardous material like paint thinners, bleaches, and detergents we use on a daily basis. We are not doing enough to make a bio-friendly difference, this simply translates into stagnating economic growth and well being. Canada having unlimited resources is also the third largest polluting nation in the world, we should be leading not following the world in Green technology application. The Canadian government needs to invest and allow small eco-friendly entrepreneurs to do business without big oil corporatism lobbying and blocking legislation on crucial environmental progress.
The relationship between stable economics and the financial system will have to simply adjust toward environmental policy application of global population growth and market demand on developing nations. Capital and social ecological outcomes have to be considered, the ecological crisis simply observed indicates, a perpetually growing economic system is at some point in conflict with the finite biosphere.
This observation may have profound implications on all financial institutions and nations. Finance is aligned with ecology in the modern world, this is the new economic paradigm we are faced with, undoubtedly this will affect our daily lives. What we practice in the financial world, with no ill intent to ethical economics, the financial banking crisis and environmental challenges we face are all linked to the capital institute of finance and bio-ecological sustainability.
Climate change, eco system degradation, soil erosion, and signs showing a bio diversity deterioration symptom of an economic system that is essentially bumping heads into the boundaries of the biosphere. If we think about finance and the money system which is built on a monetary system created through expanding money that has interest associated with borrowing and spending. As the money supply grows, the requirement to service money also grows at a compound rate, this forces on a systemic level the economy to continue growth. The economy is linked to material goods stressed through this monetary system, eventually this exhausted ecological condition and socio-economic interaction will conflict with the boundaries of the biosphere.
New rules for socio-economic structuring should be considered for future economic growth and sustainability, using eco-friendly methods of production, prevention policies from exhausting natural resources should be implemented and taken seriously. Industrial threats to the biosphere have been given a [Blind Eye] Honey moon agreement, carte blanche degradation policies implimented by irresponsible government lasted decades.The end result, climate change, increased toxic pollution in the atmosphere, over fishing and toxic water contamination leaving oceanic dead zones, fifty thousand species going extinct yearly, and finally, a free for all deforestation practice that threatens our entire planet with erosion and flood conditions. The advent or acceleration of growth in developing countries with large populations like Brazil, India, China, brings forward in time these economic contradictions that need to be explored.
Globalization is moving forward at breaking speed, if one accepts that there is one finite space within to operate the demanding growth of the economic system, obviously the usage of the biosphere is now slanting heavily towards the north, amplifying an Arctic meltdown. The United States has an ecological foot print twice the size of Western Europe, this does not include nations of the developing world. If there is a finite limit to financial growth, we are faced with an unsustainable socio economic challenge because we can no longer rely on equity allocation and complication, no financial institution or modern economist has answers to this kind of forecast.
One has to equally distribute growth and consumption of resources in order to sustain all nations without exhausting the biosphere, this is a new dimensional challenge for the next generation of economists and governments. If China for example moved to half the energy consumption per capita, they would still require production levels that exceed OPEC's current production. One quickly realizes that growth itself becomes a scarce commodity which needs to be allocated. We treat markets for public goods like cap & trade legislation as mere commodities, we need to rethink our socio economic strategy, incorporate growth and investment being a commodity that needs to be allocated by government, there is only a finite amount of investment fuelling economic growth.
Consuming more per capita of finite resources can only strangle hold economic wealth and growth, the margin of growth being more expensive deterred by a tax using resource. The billion dollar question is the distribution & quality of growth created equal. Feedback from the system in place should encourage low material [Put Through Growth] such as independent environmental energy alternatives, technological communications, and internet growth, thus generating economic growth in low material productivity as opposed to any kind of growth for the sake of growth exhausting all available resources, we can change this economic mind set, let’s make it happen !