Philosophy 2074F/G Chapter Notes -Market Failure, Non-Interventionism
1 May 2013
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According to the world bank 2. 4 billion people live on less than 2 dollars a day. Sustainability is used as shorthand for environmental sustainability and it is that topic that is the concern of this chapter. Overdevelopment in the us southwest and in southern california has severely taxed the available water supply. In europe, dealing with the environmental crisis is addressed at the highest levels of the. The eu has decreed that capitalism and hence business practices within capitalism, should be environmentally sustainable. The view that business has an obligation to respond to environmental crises is becoming increasingly accepted. Even now there are many areas in which business could change its practices and be more profitable as a result. For instance, many escalators run day and night, yet there is technology that would have them on standby until an electronic eye sensed someone approaching. Recently there has been a revolution in builing design.
