Luck 4-14

Luck 4-14 - Katherine Luck April 14th, 2008 6-8 The Next...

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Katherine Luck April 14 th , 2008 6-8 The Next Industrial Revolution (Chapter 1) By Paul Hawken, Amory B. Lovins, and L. Hunter Lovins. The book is about the possibilities that will arise from the birth of a new type of industrialism, one that differs in its philosophy, goals, and fundamental processes from the industrial system that is the standard today There will be a remarkable transformation of industry and commerce as human population doubles and the resources available per person from by one-half to three-fourths Society will create a vital economy that uses radically less material and energy. Free up resources, reduce taxes on personal income, increase per-capita spending on social ills and to restore the damaged environment of the earth Mid-eighteenth century- more of nature has been destroyed than in all prior history Natural capital: water, mineral, oil, trees, fish, soul, air, all living systems. More people and business place greater strain on living systems, limits to prosperity are coming to be determined by natural capital rather than industrial prowess Right now, technology keeps ahead of depletion, providing what appear to be ever-cheaper but in reality all the consequences they leave in the wake are not factored into the cost of production Humankind has inherited a 3.8-billion-year store of natural capital. At present rates of use and degradation, there will be little left by the end of the century. Economy needs four types of capital to function properly, the first three are forms of capital to transform natural capital into the stuff of our daily lives: o Human capital – labor and intelligence, Financial capital – monetary instruments, Manufactured capital infrastructure, machine, tools, and Natural capital – resources, living system and ecosystems There is no know alternative to nature’s carbon cycle service Past half century, the world has a lost of a 1/4 of its topsoil and a 1/3 of its forest, 70% of coral reef, 25% of marine life. Past 30 years the world lost, 1/3 of the planet’s resources Fresh water ecosystems are losing at a rate of 6% per year. Marine ecosystem by 4% per year Capitalism: a financially profitable non-sustainable aberration in human development. o It neglects to assign any value to the largest stocks of capital employs: Natural resources, living systems, culture and social system. Cannot be corrected simply by assigning monetary values 1. Living system have no substitutes 2. valuing natural resources is a difficult and imprecise exercise 3. Machines unable to provide a substitute for humans Conventional Capitalism Step toward any comprehensive economic and ecological change is to understand the mental model that dorms the basis
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Luck 4-14 - Katherine Luck April 14th, 2008 6-8 The Next...

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