Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

We have Entered the Phase of "Do We Consume Too Much?"

Do We Consume Too Much?

Discussions of the future of the planet are dominated by those who believe that an expanding world economy will use up natural resources and those who see no reasons, environmental or otherwise, to limit economic growth. Neither side has it right

by Mark Sagoff

IN 1994, when delegates from around the world gathered in Cairo for the International Conference on Population and Development, representatives from developing countries protested that a baby born in the United States will consume during its lifetime twenty times as much of the world's resources as an African or an Indian baby. The problem for the world's environment, they argued, is overconsumption in the North, not overpopulation in the South.

Consumption in industrialized nations "has led to overexploitation of the resources of developing countries," a speaker from Kenya declared. A delegate from Antigua reproached the wealthiest 20 percent of the world's population for consuming 80 percent of the goods and services produced from the earth's resources.

Do we consume too much? To some, the answer is self-evident. If there is only so much food, timber, petroleum, and other material to go around, the more we consume, the less must be available for others. The global economy cannot grow indefinitely on a finite planet. As populations increase and economies expand, natural resources must be depleted; prices will rise, and humanity -- especially the poor and future generations at all income levels -- will suffer as a result.

Read the full article:
http://www.theatlantic.com/past/docs/issues/97jun/consume.htm

Stocks: WOOD, CUT, AGA, POT, MOS, CF, REEIQ, LIT, SQM, ROC, FMC, COPX, CU, SLV, SIL, SIVR, GLD, SGOL, PALL, KOLZQ, MEE, WLT, CLF, BTUUQ, ARCH, FNSR, VIAV, CIEN, GE, WTR, X, ACH, AA, PCP, RTI, ATI, OIL, USO, DUG, DIG, ERY, DTO, XOM, BP, CVX, TOT, PBR, TM, HMC, F, GM