It is widely accepted as the current economic system used in countries such as Canada and the United States. Thus, what is the relationship between capitalism and nature? As it turns out, capitalist systems such as the carbon market is an example of ‘proxy commodification’ which alleges green developments and projects while in actuality, leads to social, economic, and environmental inequality (Böhm et al. 1630). Despite the overwhelming large consensus of capitalism’s negative impact on the environment and the insistence for a “new capitalist manifesto” (Newell & Paterson qtd in Böhm et al. 1618), those in power prioritize protecting their assets over making sustainable changes. This is further supported by sociologist Jean Philippe Sapinski’s research which found that directors of large corporations are in the center of climate assemblies and compromise the effectiveness of climate and environmental policy groups (CEPGs) in their favour …show more content…
Moreover, some believe that capitalism enables anyone with a feasible invention or idea to succeed and elevate their economic standing. As a result, some capitalists may claim that the environmental problems from capitalism could be resolved. However, capitalism is driven by a constant need for new sources of raw materials, cheap labour, and new markets (Magdoff and Foster qtd in Böhm et al. 1626). Therefore, there will always be a boundary between the rich and the poor. Plus, sustainable practices will not evolve out of capitalism until it becomes profitable. Even with technological advancements, companies will not shift their methods until it proves to be beneficial for