More Dollars for Conservation?

So, environmental conservation must be the primary goal, and economic well-being depends on it – not the other way round.

That last phrase refers to the spurious argument that economic “progress” as currently understood, i.e., increasing throughput of wealth, provides money which can be spent on conserving the environment.

The value of money is not in itself, mere metal and plastic, but in the throughput taking place within the area covered by the particular money type. Money actually represents throughput. What the argument in the previous paragraph says, in effect, is that increasing the throughput of environmental resources makes it easier to conserve them. Put this way the argument is clearly nonsense. It only seems plausible in relation to the current misconception, mentioned already, that economic activity creates wealth.

Posts in this Series

Leave a Reply

Your email address will not be published. Required fields are marked *