Question by Pseudo: Going green taking a toll on the economy?
Does going green affect inflation? if so, in what ways? Change for the better or for the worse?
Best answer:
Answer by simplicitus
Are you concerned about the economy? about inflation? or do you equate the two?
Going green has no effect on inflation. And since central banks like a little bit of inflation (about 2%), even if it did affect inflation, the effect could be good or bad, depending on what the current level was.
Going green may have an effect on the economy and the effects may be different in the long term and in the short.
Since global warming and other pollution problems make cause major disruption of civilization and the economy, it is clear that going green can only help in the long term (of course, small steps may not make any difference at all).
Many people believe that going green will lead to a reduction in the standard of living in the short term.
http://news.bbc.co.uk/2/hi/programmes/file_on_4/7446755.stm
http://www.abcnews.go.com/Business/story?id=5607233&page=1
Even the proponents of going green talk about the “trade off” between ecology and the economy:
http://en.wikipedia.org/wiki/Environmental_economics
http://www.sustainableisgood.com/blog/2008/09/economy.html
But in the long term perspective this makes no sense. A different kind of economic thinking is needed:
http://en.wikipedia.org/wiki/Ecological_economics
Of course, there are “green” elements that are economically profitable (i.e. give a boost to the economy) even in the short term: energy conservation is the obvious one, especially with rising energy costs to help.
http://www.kisscathcart.com/envirarch.html
but they are of such obvious benefits that everyone touts them.
Know better? Leave your own answer in the comments!
Tags:Blogs, Economy, Going, Green, Living, taking, Toll
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