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  • Essay / Irresponsible overuse of the world's finite resources

    Our current global economy would make Dracula proud. Since 1800, the world's population has increased sevenfold. This staggering increase has come at the cost of an ever-increasing aspiration of the Earth's non-renewable or fossil resources. This exponential expansion results from improvements in how we drain the Earth's limited resources and is unsustainable. Due to the economic sleight of hand of externalities, the cost of using these limited and unsustainable resources is not properly reflected in market prices. Market prices do not reflect the investments that need to be made in renewable energy sources. The global economy recklessly and recklessly exploits irreplaceable environmental resources, while subsidizing externalities generated by the planet's population and environment. Ignoring this irreversible depletion of the planet's limited resources through the externalization of costs constitutes an intergenerational betrayal at its core. Over the past 150 years, per capita food production has increased steadily, allowing populations to increase and urban populations to increase. This move away from self-produced foods allows people to specialize. Once a family no longer has to worry about providing for its members, it can devote its energy to a wider range of activities. A more specialized population has many benefits, such as increased GDP per capita, industrial innovation, and lifespan. Civilization, in a word. However, this massive expansion comes at the cost of increased use of fossil (non-renewable) resources. Across much of the Middle East, northern China, and the American Midwest, the overwhelming increase in food productivity comes from excessive withdrawal of groundwater that is bei...... middle of paper .... ..es with a price not indicated on the price tag. Air quality and CO2 emissions are externalities that have a huge impact on the environment and health. In the northwest industrial city of Benxi, smoke from coal burning envelops the city, causing the country's highest rate of lung disease and sometimes causing the city to disappear from satellite scans. Externalities must be taken into account if our global economy is to survive. . It's all well and good to maximize our current global production, but if that leads to catastrophic collapse when resources run out, I can't bring myself to enjoy this brief prosperity. The irresponsible overuse of limited resources is a kind of generational injustice far beyond the tragedy of genocide, as it will force a return to brutal, unpleasant and short lives, if humanity survives this bloody practice..