SOCECOL E8 Lecture Notes - Lecture 17: John Kenneth Galbraith, Smog, Corporate Social Responsibility

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The basic idea is that it is necessary to balance ecology, economy and society without compromising the future for generations to follow. Climate change is the greatest current problem facing humanity but we keep on with business as usual. A key example is that half of the property values in florida will be under water unless we act, and we are not: we are seeing massive collapses in fisheries and species extinction as e. o. With the respect to the society component, the country and the world is failing to deal with income and equality. The graphs of billions of dollars in damages from extreme weather events go unheeded. There"s a ten-fold increase in extreme weather costs. Traditional corporate responsibility is failing to deliver, for both companies and society. mckinsey and company. To relieve the symptoms without fixing or repairing the underlying condition.

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