Beyond the Greening of Capitalism
The myth of capitalism is that the free market economy is guided by an “invisible hand” to bring benefit to all. But capitalism’s inability to deal responsibly with the externalized costs of production belies this myth. In response to this failure, reform strategies have arisen for dealing with capitalism’s destructive external costs. Taken together, they constitute a movement toward a greening of capitalism—capitalism with a responsible face. But are these greening tendencies enough to salvage capitalism, or is humanity in need of a more powerful economic vision?