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How Markets Make Economic Growth Sustainable

Jonathan Adler of Reason writes on how free markets make economic growth sustainable.

The C3 Take
  • Global economic growth in 21st century has been environmentally beneficial.
  • By definition capitalism and free markets incentivize efficient resource use and management, which is increasingly important as economies develop and populations grow.
  • Economic freedom is accelerating human prosperity while creating a more sustainable planet.

“The bottom line is that competitive markets create powerful incentives for efficient and sustainable resource use. Market-driven innovation has made it possible to provide for more people using fewer resources. Such environmental successes are often ignored because there is no policymaker or program than can take credit for them. They are the result of market processes, not governmental direction or design.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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