Our Economy Is Not Environmentally Friendly | The Odyssey Online
Start writing a post
Politics and Activism

Our Economy Is Not Environmentally Friendly

It may not come as a shock to hear that economists care more about money than they do the environment. But that shouldn't be the norm.

19
Our Economy Is Not Environmentally Friendly

I'm currently taking Introduction to Microeconomics, my first econ class and one that I wasn't entirely enthusiastic about. I'm about two months into the class and I understand it all fairly well. The only real revelation I've discovered so far? Our economy is NOT sustainable.

Of course, I have to remind myself that each professor creates their own slant in the way they teach their class. My microeconomics prof is an economist. What he's teaching us is the foundation of economics. That's what his degree is in, and he's been teaching this class for years. But, it surprised me to see that one of his presentation slides reads:

"One must consider both the cost and the benefit when correcting an externality. The government could forbid all pollution, but doing so would effectively shut down the entire economy, and thus would not be 'worth it'."

Now, there's a valid point here in terms of economics. The government could very well prohibit any pollution, and the economy would scramble as a result. However, I argue that the "entire economy" would not shut down. To put it into econ jargon, my theory is that should the government put a cap on pollution, big oil and big businesses would have to shut down because their entire economic model is dependent upon practices that pollute our environment. However, because we are still materialistic humans living in the 21st century, consumer demand would still exist. And, because of the sudden lack of big businesses producing toxic plastic stuff, the small, eco-friendly companies that make natural and sustainable products would have a chance to emerge to supply that demand. The economy could be restructured from there.

So, I'm only talking hypotheticals, as was my professor. But I truly believe that any cap on pollution, any reduction in emission, and any shift towards sustainability is worth it. It's more than worth it because the alternative is a destroyed, uninhabitable planet. When I took a step back and realized that our entire economy is built upon the idea of making any eco-sacrifice necessary to make a profit, I about ran out of class in tears.

A text from my very wise mother read "money, it turns out, IS the root of all (including environmental) things. But as the business world comes around to realizing they can make money on environmental things...we will make a shift at least."

And she's right (as always). There are changes to be made. These changes will stray from the traditional middle-finger-to-the-environment-method, and economists will probably be uncomfortable about them. But they're coming. It might take a long time and it might not ever get to the point where we can entirely restructure the economy to a circular one, but progress will be made.

I urge you to do research and be an informed consumer, make every effort you can to support small, local businesses, and to vote. Learn about AOC's Green New Deal and pay attention to the presidential campaigns that are fast approaching. Use your power as a consumer and as a voter to encourage change around you. For the benefit of our Earth, not the economy.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
two women enjoying confetti

Summer: a time (usually) free from school work and a time to relax with your friends and family. Maybe you go on a vacation or maybe you work all summer, but the time off really does help. When you're in college you become super close with so many people it's hard to think that you won't see many of them for three months. But, then you get that text saying, "Hey, clear your schedule next weekend, I'm coming up" and you begin to flip out. Here are the emotions you go through as your best friend makes her trip to your house.

Keep Reading...Show less
Student Life

Syllabus Week As Told By Kourtney Kardashian

Feeling Lost During Syllabus Week? You're Not Alone!

789
Kourtney Kardashian

Winter break is over, we're all back at our respective colleges, and the first week of classes is underway. This is a little bit how that week tends to go.

The professor starts to go over something more than the syllabus

You get homework assigned on the first day of class

There are multiple group projects on the syllabus

You learn attendance is mandatory and will be taken every class

Professor starts chatting about their personal life and what inspired them to teach this class

Participation is mandatory and you have to play "icebreaker games"

Everybody is going out because its 'syllabus week' but you're laying in bed watching Grey's Anatomy

Looking outside anytime past 8 PM every night of this week

Nobody actually has any idea what's happening this entire week

Syllabus week is over and you realize you actually have to try now...or not

Now it's time to get back into the REAL swing of things. Second semester is really here and we all have to deal with it.

panera bread

Whether you specialized in ringing people up or preparing the food, if you worked at Panera Bread it holds a special place in your heart. Here are some signs that you worked at Panera in high school.

1. You own so many pairs of khaki pants you don’t even know what to do with them

Definitely the worst part about working at Panera was the uniform and having someone cute come in. Please don’t look at me in my hat.

Keep Reading...Show less
Drake
Hypetrak

1. Nails done hair done everything did / Oh you fancy huh

You're pretty much feeling yourself. New haircut, clothes, shoes, everything. New year, new you, right? You're ready for this semester to kick off.

Keep Reading...Show less
7 Ways to Make Your Language More Transgender and Nonbinary Inclusive

With more people becoming aware of transgender and non-binary people, there have been a lot of questions circulating online and elsewhere about how to be more inclusive. Language is very important in making a space safer for trans and non-binary individuals. With language, there is an established and built-in measure of whether a place could be safe or unsafe. If the wrong language is used, the place is unsafe and shows a lack of education on trans and non-binary issues. With the right language and education, there can be more safe spaces for trans and non-binary people to exist without feeling the need to hide their identities or feel threatened for merely existing.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments