While the collapse of credit markets around the world is bearing on our minds, and curtailing our consumption today, the destruction of the earth’s biosphere by humanity’s footprint is so massive and immediate that its effects will compound the economic dislocation now and be felt directly within a year.
The global economy is losing more money from the disappearance of forests than through the current banking crisis. An EU-commissioned study puts the annual cost of forest loss alone at between $2 trillion and $5 trillion.
Fundamental system change is necessary, now.
We are in unknown territory.
Leaders, policymakers, governments, businesses are all thinking using medieval perspectives. Enlightened thinking is required to change course. Action by all people, rich and poor, is required.
One thought on “Financial meltdown dwarfed by economic destruction of nature.”