Vision: 8 Reasons Global Capitalism Makes Our Lives Worse — And How We Can Create a New Kind of Economy

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Globalization wastes natural resources. Consumerism is threatening the planet, natural resources are stretched to the breaking point and yet we have an economic system that encourages us to consume more and more, says Norberg-Hodge. Consumer culture is increasingly urban and when rural people move to the city the food they used to grow themselves is now grown on industrial-sized chemical-intensive farms. Food must be trucked to cities, waste must be trucked out. Large dams are needed to provide water and huge centralized power plants must be fueled by coal and uranium mines.

4. Globalization accelerates climate change. Globalization’s “success” is often attributed to efficiencies of scale, but mostly it is fueled by deregulation and hidden subsidies that make food from around the globe cost less than food from down the street. With efficiencies of scale, it’s really the opposite, says British MP Zac Goldsmith, “Tuna caught off the east coast of America is flown to Japan, processed and flown back to America to be sold to consumers; English apples are flown to South Africa to be waxed, flown back to England to be sold.”

Read more: AlterNet

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