QotD: June 28th, 2007

From Clive Hamilton’s Growth Fetish:

“The point here is that, while there is often a trade-off between growth and the environment, the costs to the economy are generally of little significance and often end up producing benefits in the longer term. But our business and political leaders are so fearful of anything with the potential to affect the growth rate that even a very small price is too much to pay — even as an insurance policy for the long-term survival of capitalist expansion.

“It is an irony that environmentalists generally have more faith in the market system’s ability to find a way to accomodate environmental restrictions than the upholders of free markets in the business press and conservative parties.”


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