In the last few decades the economy of the
US has grown faster than ever before. Corporations
work hard to expand and to drive share prices higher.
The author of a new book ‘The Bridge at the Edge of
the World’ says in this process of growth, capitalism
is not paying for its consequences. Lester Graham
talked with Gus Speth, the dean of the School of
Forestry and Environmental Studies at Yale. Speth
says since the environmental movement began in the
1970’s, we’ve dealt with many of the symptoms of
environmental damage, but not many of the causes:
Transcript
In the last few decades the economy of the US has grown faster than ever
before. Corporations work hard to expand and to drive share prices higher.
The author of a new book ‘The Bridge at the Edge of the World’ says in this
process of growth, capitalism is not paying for its consequences. Lester Graham
talked with Gus Speth, the dean of the School of Forestry and Environmental
Studies at Yale. Speth says since the environmental movement began in the
1970’s, we’ve dealt with many of the symptoms of environmental damage, but
not many of the causes:
Gus Speth: “We did do some cleaning up, and certainly rounded out a lot of the
rough edges, but despite that, we are in a very dire situation now, I believe. The
global warming issue, disruptive climate change coming at us, is the most potent
environmental threat that we’ve ever experienced. Meanwhile: we’ve been losing
an acre a second of tropical forest for decades now, we’re consuming vast
quantities of fresh water from our streams and rivers, a flock of rivers no longer
reach the ocean in the dry season around the world, we’re over-fishing 75% of
the marine fisheries, 90% of the large predator fish in the oceans are gone, half
of the wetlands are gone, we’re extinguishing species a thousand times the rate
of natural extinction. So, these are very serious problems.”
Lester Graham: “You suggest in your book that tackling environmental problems
will require us all to stop looking at things with such a narrow view. The
environment is connected and affected by business, and government, and
lifestyle – or, in other words: capitalism, democracy, and consumerism. Do you
want to change the world? Is that what it is going to take?”
Speth: “Well, I think, quite literally, we have all got to be out to save the world at
this point. And I think these issues are linked. We forget sometimes that the real
thing that is undermining the environment is economic activity. And this growth
carries with it enormous potential for increased environmental destruction. Now,
the problem is, companies have enormous incentive not to pay their
environmental costs, to push these costs off on to other people and on to future
generations. The result is that the prices for their products are environmentally
dishonest.”
Graham: “Can you give me an example of a case like that?”
Speth: “Well, I would say any oil or coal company, and us in using the oil and the
coal in our electricity and in our homes or whatever. We’re paying nothing
compared with the environmental cost that the use of the fossil fuels is imposing
on our environment and on our own human health. And that basic arrangement
is buttressed by enormous power, now, on the part of the corporate sector. Not
only are they the principle economic actors in our system, but they are the
principle political actors in our system, now. It is buttressed by our own
consumerism, our own pathetic capitulation to the advertising machine that we
face everyday. And it’s buttressed by government, which is really wholly
dependant now on growth for raising extra taxes without having to raise tax rates,
and for holding out the promise of better lives which don’t materialize.”