Social and environmental costs are ignored from "summary" of Confessions of an Economic Hit Man, 3rd Edition by John Perkins
The prevailing economic model that drives global capitalism is focused solely on short-term profits and economic growth. This model systematically ignores the social and environmental costs of its actions. Companies and governments prioritize maximizing profits and GDP growth over the well-being of communities and the planet. When making investment decisions, corporations and governments often fail to account for the negative impacts their projects may have on local communities and the environment. These decision-makers turn a blind eye to the displacement of indigenous peoples, the destruction of ecosystems, and the pollution of air and water sources. They prioritize financial gains over the long-term sustainability of our planet and the well-being of its inhabitants. This disregard for social and environmental costs perpetuates a cycle of exploitation and inequality. The burden of these costs falls disproportionately on marginalized communities and future generations who are left to deal with the consequences of unchecked corporate greed and environmental degradation. Meanwhile, those in power continue to reap the benefits of unsustainable development practices. By ignoring the social and environmental costs of their actions, economic actors perpetuate a system that prioritizes profit over people and the planet. This shortsighted approach to development leads to a myriad of social and environmental injustices that have far-reaching consequences for us all. It is essential to challenge this paradigm and push for a more sustainable and equitable economic system that takes into account the true costs of our actions on society and the environment.
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