Pursuing Sustainable Practices in a Capitalist World
Kimberly talks with Dr. Joe Zammit-Lucia, management consultant and author about why pursuing sustainability in the capitalist system is a long game.
8/8/2024
Joe joins Kimberly to talk about the difficulties corporations, governments, and consumers face in the capitalist system (that has yet to find a viable competitor). Since consumers are driven by status, corporations are beholden to stakeholders, and governments are inextricably tied to both, meaningful progress toward climate change goals is a long game. The question is whether we’ll be around long enough to win.
Joe and Kimberly discuss:
How ‘three pillars’ seek to balance the capitalist system
How ‘dead nature’ jeopardizes ‘live nature’
Why less expensive electric vehicles (EV) from China imported in developed countries undermine the democratic foundations necessary to pursue green policies
How natural capital is at risk, despite the World Bank’s Comprehensive Wealth Accounting system’s emphasis on sustainable economic development policies
How corporations are caught between satisfying consumers and shareholders while pursuing eco-friendly policies
Why market-based solutions will not save nature, though ESG funds are more than just a publicity stunt
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