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society and environment jan 26

society and environment jan 26 - decision making in a...

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Society and Environment 1/7/11 10:58 AM January 26, 2011 Chapter 3 – Money and Machines - Summary Increased production, increased negative environmental consequences, and increased inequality are all products of uncontrolled market forces o Produce in the cheapest places, lower wages to save money & maximize profit Rates of corporate profits today exceed rates of economic grown 2 to 4 fold o The rate of exploitation of the system is increasing In the United States, traffic accidents claim nearly as many lives as died during the entire Vietnam War and far more than die of AIDS each year Traffic accidents are leading cause of death in the US for individuals between the ages of 1 and 35, with about 40,000 lives being lost per year According to the author there is a correlation between technology and culture Externalities = Economic effects not taken into account in the
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Unformatted text preview: decision making in a market; an external effect, often unforeseen or unintended, accompanying a process or activity • “Hidden subsidy” = indirect spending that promotes a particular economic activity (e.g., cars) o Road construction, maintenance, and repair o Emergency services responding to motor vehicle accidents o Military intervention in the Middle East • Even though we have seen real improvements from strict emission controls, the growth in use of automobiles/trucks have wiped out much of the gain from emission controls • In fact, automobiles are implicated in acid rain, reduced fertility, in animal species, and oil spills • 27% of US carbon dioxide emissions come from automobiles • Factory Farms (big industrial farms focused on mass production) – pollute the rural areas...
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  • Spring '11
  • motor vehicle accidents, negative environmental consequences, uncontrolled market forces, strict emission controls

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