Eco-capitalism

Eco-capitalism is the theory or practice of a free-market capitalist economy wherein natural resources are regarded as capital, and profits are partially dependent on environmental protection and sustainability. Eco-capitalism, also, is a capitalism that tries to be eco-friendly. Often eco-capitalists want to eliminate plastic, and fossil fuels. Eco-capitalists often, too, advocate reusable items such as metal straws or the sort, instead of plastic materials. Eco-capitalists often advocate for Carbon taxes.

Criticism

Eco-capitalism often pours the blame on the consumer for buying plastic products, for example, and advocates for one to track their Carbon footprint. Eco-Capitalism encourages solutions like carbon-capture technology to fight climate-change, which is remarkably expensive. BP Oil, who in 2010 spilled 200 million gallons of oil into the Gulf of Mexico - which was the largest oil spill in history, were the ones to invent this term - therefore, BP Oil blamed citizens for doing harm to the Earth, while they commit more severe environmental damage.

Capitalism is based on eternal growth, and therefore expects it until the end of time. But how is eternal growth possible in a finite world? Capitalism cannot solve the climate crisis as to do that means that one must set limits on capital accumulation - not a very good or acceptable idea for a system founded upon that a company or economy must grow or die. One of Capitalism's main objectives id to convert natural resources into commodities and commodities into capital, transforming into inanimate wealth. Too, there is really no way the profit motive or for the market to bring real carbon-capturing and the sort technology - The world was in 2017, producing about 40 billion metric tons of carbon emissions a year. At the current prices, stripping out this much emissions would cost about 24 trillion dollars, an amount equal to 133 percent of the annual US GDP.