Home > Conservation, Consumerism, Economic growth, Environment general, Politics > Environmentalists Warn of Natural Debt as Budget Cuts Loom – TIME

Environmentalists Warn of Natural Debt as Budget Cuts Loom – TIME

Environmentalists Warn of Natural Debt as Budget Cuts Loom – TIME

“But the truly scary possibility is that the collapse could come quite suddenly, after what may seem to be a long period of global prosperity. It would only be in retrospect, after the fall, that we would see that what we thought was success was built on eating into our capital, like a consumer maxing out his credit cards to buy a second house. The global rise in food prices, which have hit their highest level globally in several decades, might be an early sign that the agricultural system that sustains (some more than others) nearly 7 billion people with the help of fertilizers and irrigation may be hitting its limits. “When the crisis hits, we’ll act rapidly, but by then it might be too late for hundreds of millions or even billions of people,” says William Rees, an ecologist at UBC.

What’s amazing to me, though, is that the very politicians who are so worried about the public debt — and who want deep spending cuts now to save our future, whatever the cost — utterly dismiss the idea that we could face an equal crisis of natural debt.”

 

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: