Friday, October 10, 2014

Why an Unequal Planet Can Never Be Green

Why an Unequal Planet Can Never Be Green

Lately, people have been expressing concerns for two issues: climate change, and the rising inequality gap. However, it may not be evident that the two are related. This is mostly because the super rich are extremely wasteful and have a large carbon footprint. The connection has been made between the rising concentration of wealth and the degradation of the environment, multiple times by analysts. Not only are the super rich causing harm to the environment with  their large consumption rates, but they are causing status competition all the way down the economic ladder. This status competition leads to more wealthy people buying and consuming more things.

It has been observed that more equal a society, the more eco-friendly it is. In order to be a more earth friendly society we have to remove this status based competition. The  rich can also use their wealth to promote resource policies. The goal of equality and the goal of a greener earth need be worked on the same way.

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