Consumerism exists to sustain a widely adopted economic model built on the imperative of constant economic growth. A new study identifies consumerism in the wealthiest countries as the foremost cause of climate change, biodiversity loss and ecological collapse. Alternative economic systems are there and need to be embraced by public and political discourses.
A new study1 published in Nature Communications, led by Dr Thomas Wiedemann of the University of New South Wales, Australia, stresses that the issue of overconsumption especially in the wealthiest countries lays at the roots of the current environmental crisis, more so than population growth.
The study highlights that “it is clear that prevailing capitalist, growth-driven economic systems have not only increased affluence since World War II, but have led to enormous increases in inequality, financial instability, resource consumption and environmental pressures on vital earth support systems”. “The strongest pillar of…
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