Think of the environmental sustainability problem the Brundtland Commission highlighted and documented in 1987(WCED) in “Our Common Future” as an environmental pollution production market problem, the consequence of a market failure that was always there and which has always been there embedded in the perfect traditional market thinking, but it was assumed away using environmental externality neutrality assumptions. A problem that can only be solved by internalizing the environmental cost of production in the pricing mechanism of the traditional market to shift it to green market pricing. Hence, only when we fix the root cause of the environmental pollution production problem, the environmentally distorted traditional market prices, we address the environmental pollution problem head on as when doing this we are making environmental pollution reduction a good business opportunity for green producers.
Since we have not fixed the root cause of the problem yet as there are no green markets in place today to transition green economies towards the environmentally clean economies; then this raises the question: Is the current traditional circular economy thinking push worse for the environment than the perfect traditional market economy thinking of Adam Smith that created the environmental problem in the first place?
If Yes, why? If, No, why not?
What do you think?
One of the interesting things about research is that, the facts generated as the ultimate findings today might be disputed tomorrow when replicated under the same conditions or different contexts. At the onset of the open market before the circular one, one of the presupposition of the earlier scientists was that, polyethene bags were environmentally friendly. However, this fact has been disproved and resulted in an idea of circular economy. To me, to conclude that, the traditional circular economy is doing more harm than good is sketchy. It has to take time to reveal itself. For instance, consider AI that has been in existing since 1950s but only recently most of its intelligent agents get accustomed by a majority of its users. Probably, the same thing with circular economy. To construct a viable structure requires time, energy, patience, perseverance, etc.
Murtala, why do you think the current circular economy thinking is worse to the environment than the broken circularity traditional market thinking of Adam Smith?
Why no? That is the revealing part.as it may be inconsistent with the answer
I see you do not like providing a rational to your answer, No, means nothing in terms of exchanging ideas, you need to say why you think so.
If you read the context on which this question is based you can have a clue why I think YES.
But that is okay, someone else may participate.
Have a nice day
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