Two birds, one solution

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NY Times columnist Paul Krugman lays out the right plan for solving two immense problems at once:
1. Economic depression
2. Environmental ruination

Let's today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it's telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall -- when Mother Nature and the market both said: "No more."

He says - surprise, surprise - that Americans need to "greenify" (my word) the marketplace. Or else.

"Just as a few lonely economists warned us we were living beyond our financial means and overdrawing our financial assets, scientists are warning us that we're living beyond our ecological means and overdrawing our natural assets," argues Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: "Mother Nature doesn't do bailouts."
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This page contains a single entry by Timothy J. Carroll published on March 11, 2009 5:19 PM.

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