TAG: Capitalism

The Many Forms of Wealth

Freedom

Wealth takes many forms. But for the sake of argument, let’s think in terms of different types of capital. The traditional definition of capital is “accumulated wealth in the form of investments, factories, and equipment” (Hawken et al, 2000, p.4). From a Green Economic perspective, however, four types of capital are necessary for a healthy and prosperous economy. These are outlined by Paul Hawken, Amory Lovins and L.Hunter Lovins in their book, Natural Capital: Creating the next industrial revolution (2000): Human capital: Beyond labour and intelligence, this includes the social capital of networks and organization, as well as the cultural… read more

Insanity or Apathy?

Oil disaster on Alaskan coast

Since the first week of January, more details have come out pertaining to the reckless behavior exhibited by Shell Oil and its oil rig, Kulluk, off of the Alaskan Coast. First the company said the decision to move the rig was based on forecasts which suggested the weather would be good, but then it was made public that the forecasts made were for too short of a time period to be useful for the longer time duration to transport the rig. Then the company decided the best way to diffuse the situation would be to blame luck, and simply say… read more