A few weeks back I attended an “Accelerating Sustainability Forum” at the US Chamber of Commerce. While there was lots of rosy talk about sustainability, in truth, most of the focus was on growth, even though it’s becoming increasingly clear that true sustainability is going to require a massive scaling back of human enterprise. In the Guardian’s Sustainable Business blog I tried to grapple with that conundrum.
You can read the full article there though I’ll leave you a few tidbits to ponder here:
While climate change was discussed openly in the Chamber’s Hall of Flags – a feat in its own right, given the state of the climate conversation in America – many of the businesses in the room were clearly still drinking Jeffrey Immelt’s “Green is Green” Kool-Aid.
It’s hard to fault people who are searching for the right lexicon to convince corporations to prioritize sustainability, but perhaps the business case is not the solution. Because, let’s be honest: as the world goes to hell in a hand-basket, there will be huge opportunities to profit off the decline, whether on skyrocketing food and energy costs, private security services, or ecosystem services no longer freely provided by nature, such as water treatment and pollination (robotic bees anyone?).
I then try a different frame, one focused on survival:
Let’s explore an alternative way to frame sustainability, one that might have better outcomes when appealing to companies’ sustainability officers. Rather than focus on the profits that could be reaped in the pre-end [of the world] period by businesses and investors that plan appropriately today, let’s consider that, even for the best planners, the end will still be filled with unimaginable horrors, ones that they, their families and their companies probably won’t survive.
However, in truth, I don’t think this type of far-sighted planning will succeed–as the example on the paint company Benjamin Moore I discuss in the piece reflects–so I conclude with the obvious point that regulation (or perhaps I should say “governance” and give a shout out to State of the World 2014) will be essential to save companies from themselves.
So does that suggest that the only way to save the free market is to make it less free? Do companies need regulators to proactively step in to make the sweeping changes necessary to organize the economy as a subsystem of the Earth system, rather than assume the inverse? Probably. But in truth, the only way that will happen is if some really smart companies enable that political leadership, using their influence to shift the focus to stopping the end of the world rather than just profiting in the pre-end stage.
So in other words, we’re in a Catch-22 that may stymie any real progress toward degrowth until its far too late. But there may be a silver lining, as I note in the piece by quoting Bob Mankoff’s comic punchline:
“And so while the end-of-the-world scenario will be rife with unimaginable horrors, we believe that the pre-end period will be filled with unprecedented opportunities for profit.”
Enjoy it while it lasts!