Buddhism & the Fate of the Species

by John Stanley & David Loy

Another externality dismissed in market systems is the fate of the species. Systemic risk in the financial system can be remedied by the taxpayer, but no one will come to the rescue if the environment is destroyed. That it must be destroyed is close to an institutional imperative. Business leaders who conduct propaganda campaigns to convince the population that anthropogenic global warming is a liberal hoax understand full well how grave is the threat, but they must maximize short-term profit and market share…If they don’t, someone else will. And this vicious cycle could well turn out to be lethal. [Read more] ...