BUS 100 Lecture Notes - Lecture 7: Arable Land, Ganges, Economic Inequality
20 Jun 2017
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Income gap: 20% of people consume 70% of resources. Deforestation: cutting forests away faster than they can grow. Convention on climate change helps regulated and enforce global issues of the environment. Ozone depleting is the bluish gas that protects the earth. Cfc"s are used as propellants and they are destroying the ozone layer. Water is in short supply and not available everywhere ganges river is polluted, rivers in the us that are catching fire from the heavy chemicals. Arable land arable means fertile to grow crops but is over-farmed and poorly managed. Super farms: companies that buy up family farms, and then mandate what people grow. Commons: a shared resource, such as land, air, or water that a group of people use collectively. Paradox of the commons: if all individuals attempt to maximize their own private advantage in the short term, the commons may be destroyed, and all users, present and future, lose.
