According to capitalism producers respond to

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According to capitalism producers respond to consumers demand, the more a consumer wants the more a producer will supply, and they will exploit resources to meet the demand to increase profit. “we [as consumers] are prevented by our cultural priorities from actually dealing with the fact that we are destroying our ecological context” The more we consume the more they make to meet our consumption demands and this is how the cycle develops. Globalization is the increasing of interconnectivity and interdependence internationally through trade liberalization and this can be attributed to globalizing forces such as technologies, trade mechanisms, new modes of transportation and mobility, information flows, finance, etc. . With the introduction of globalization, the market demand for products have increased. Companies that weren’t previously able to benefit from economies of scale (definition for economies of scale) as a result of large production because they did not have a great demand to supply, are now
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able to compete on the global market expanding their potential customer base and demand. Some of these companies have capitalized on the interconnectedness of the world and have become very large multinational corporations with many branches and production sites across the world. Large companies mean huge expenses so in order for these companies to stay in profit, which is the goal of any company, their need to keep their production and sales high and expenses as low as possible. This has been seen in the need to always find the lowest cost for the factors of production (Land, labour and capital), regardless of effects on society and the environment. “Global modes of production and accumulation are intimately linked to environmental degradation (e.g. extraction of natural resources and multiple forms of pollution via commodity production).” Globalization has fueled capitalism’s exploitation of the earth. Now since production for companies is on a such a bigger scale to meet a much larger demand they use more resources at a much quicker rate than before, but with profit driven intentions they are not concerned that our earth is changing. If “Capitalism has been charged with causing alienation, exploitation and poverty” (cite), then why can’t we stop? “Money is like water is to fish – and yet the intrinsic logic of this human invention is nothing less than capitalism itself.” . It is because capitalism is engrained in the way society works and it is not all bad. “Types of goods and services have market prices, which can regulate supply and demand to some extent,” but it is when companies try to increase demand by decreasing price because of cutting costs that we see the problem. The greed of profit overwhelms ethical thought and thus cutting costs for major companies has lacked greatly in ethics. Waste producing factories have been erected on coastal shores to make for easy waste
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