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The Environmental Problem

The ever growing and prosperous capitalist economy of America is considered by many to be a near perfect system. Our economy helps  ensure success is attainable, without detriment to  any one person or any group. Unfortunately, this perception is not reality. The American economic system has brought about many negative externalities, most notably the environmental impact our corporations have made on our planet. Greed and overindulgent behavior of businesses have led to a possible environmental apocalypse. Large egocentric corporations are causing fossil fuels to be near extinction, mass pollution and destruction of vital habitats, and carbon emissions to rise.  These negative externalities that are caused by corporations need to be reduced or abolished. At the moment the government is doing very little to stop corporations from destroying the environment.  President Obama’s current environmental policies are very vague and undisruptive. Over the past 5 years Obama has enacted the Recovery Act and attended the Copenhagen meeting. These actions have led to very minimal environmental recovery. The Republicans and corporate lobbyists are not doing much to promote the environment either. In fact “The big business lobbies, like the Chamber of Commerce, American Petroleum Institute, and others, have been very clear and explicit in their support of commerce over the environment. A couple of years ago they stated they intend to carry out a major publicity campaign to convince people that climate change is not real, that it’s a liberal hoax.”Image Republicans and corporate lobbyist are actually denying the existence of an environmental problem even though the statistics show otherwise. In 2012 carbon emissions increased 2.6%. Increased carbon emissions will weaken the atmosphere and dangerously heat up the earth. Due to pollution, only 1% of Chinese citizens breathe air that is considered safe. This has caused cancer to be the leading cause of death in many parts of China. The north pacific gyre has approximately 100 millions tones of trash. This trash will harm sea life, and take centuries to dissipate. These facts show that environmental damage is extreme, and impacting quality of life on the planet.  At the moment corporations are acting out of self-interest and greed. This will be an on going predicament unless there’s some alternative policies initiated. I believe that slight regulation as well as higher prices and taxes for certain fossil fuels will help alleviate the environmental woes. At this point in time, large businesses have too much power and freedom, which is causing large negative externalities. Creating higher taxes for fossil fuels, will promote switching to alternative methods of energy production. This will give corporations incentive to switch to cleaner energy. In addition, raising the price of certain fossil fuels like gas and oil will have a great affect on the consumer. Due to higher gas prices ,the consumer will most likely feel the need to utilize a car that does not rely on oil. Consequently, demand for gas run cars will decrease, and companies will start to make more eco-friendly cars that appeal to the consumer’s tastes and preferences. I also believe that we should implement stricter regulations. Unfortunately, large amounts of greed have consumed the American economy in the past 30 years. Corporations have started to deviate from rudimentary business ethics. The federal government needs to take some control over the reckless corporations. In recent years, deregulation, corruption, and greed has destroyed the earth, and the government has done very little to stop it. Implementing the right policies and actions will Imagemake the environmental problem treatable and will help the planet for all its citizens.

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