To be able to deal head on with the social and environmental sustainability failures linked to NON-CIRCULAR TRADITIONAL ECONOMY thinking the Brundtland Commission in 1987(WCED) led us away from that type of thinking by recommending sustainable development tools....The WCED did not recommend then to go CIRCULAR TRADITIONAL ECONOMY THINKING to solve the social and environmental problems created by traditional economic thinking as in both economies you are not accounting for the social and environmental costs of doing business.
To be able to deal head on with the environmental sustainability failures linked to NON-CIRCULAR TRADITIONAL ECONOMY thinking the United Nations Commission on Sustainabiled development in 2012(UNCSD) was leading ust the way of circular green markets through green markets, green growth and green economies, away from business as usual.....The UNCSD did not recommend then to go CIRCULAR TRADITIONAL ECONOMY THINKING to solve the environmental problems created by traditional economic thinking as in both economies you are not accounting for the environmental costs of doing business.
In other words, the WCED was trying to fix a social and environmental sustainability problem by using sustainable development means to leave traditional thinking behind; and the UNCSD was trying to fix an environmental sustainability problem using green market thinking.
If the circular economy thinking has the same problems as the non-circular economic thinking of Adam Smith in social and/or environmental terms, how can circular economy thinking be presented today as the solution to the problem that the circular economy is also contributing to?
And this raises the question, Does CIRCULAR ECONOMY THINKING means a WORLD living under permanent social and environmental market failure?
What do you think? If you think No, why do you think so? If you think Yes, Why do you think so?
The circular economy is a system where materials never become waste and nature is regenerated. In a circular economy, products and materials are kept in circulation through processes like maintenance, reuse, refurbishment, remanufacture, recycling, and composting.
A circular economy favours activities that preserve value in the form of energy, labour, and materials. This means designing for durability, reuse, remanufacturing, and recycling to keep products, components, and materials circulating in the economy.
Only 8.6% of the world economy is circular, according to the Circularity Gap Report. More than 90% of the resources extracted and consumed do not return to the production cycles but become waste. This isn't just fuelling a pollution crisis, it's turbocharging climate change.
While circular economic thought targets at sustainability, it cannot do away with the dominant linear economy focus on profitability, dear Lucio Muñoz , i.e. environmental state and market failure will continue as well as deep social crises (e.g. armed conflicts).
Thank you Stephen, for commenting, We agreed then GOING CIRCULAR ECONOMY THINKING means formalizing a world under permanent market failure A LA BUSINESS AS USUAL but circular.
But the WCED 1987 "Our common future" and the UNCSD 2012 "The future we want" aimed for a world AWAY FROM TRADITIONAL MARKET THINKING as the only way to correct social and/or environmental market failures, one by going the way of sustainable development, and the other by going the way of green markets. Both of them were geared to leave the traditional market idea behind because it has embedded in its pricing mechanism the root cause of social and/or environmental problems: DISTORTED MARKET PRICES, Prices that do not reflect the social and/or environmental cost associated with the working of the traditional market,
GOING TRADITIONAL ECONOMY CIRCULARITY TO SOLVE THE PROBLEMS OF TRADITIONAL MARKET CIRCULARITY BY ASSUMPTION is a punch in the face to the recommendations the 1987 World Commission on Environment and Development and to the 2012 United Nations Commission on Sustainable development BECAUSE DOING that is GOING FROM POLLUTION PRODUCTION MARKETS WITH BROKEN CIRCULARITY OR LINEAR TO POLLUTION PRODUCTION MARKETS BUT CIRCULAR,
In a traditional economy, in the case of the environment, the good produced are not green and the goods consumed are not green. In the circular traditional economy the good produced are not green, the good consumed are not green, and therefore, the good recycled are not green. The environmental system may collapse in front of you under the circular economy thinking, but while the system is collapsing the corporations will still be making money by externalizing environmental costs and those cleaning after corporations to close the circle will also be making money while externalizing their environmental externalities too, two layers of environmental externalization now in Circular economy thinking.
Thank you for commenting
Respectfully yours
Lucio
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