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The Breakdown of Global Capitalism: The Future of Business Under a Collapsitarian Scenario |
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| รหัสดีโอไอ | |
| Creator | Victor Egan |
| Title | The Breakdown of Global Capitalism: The Future of Business Under a Collapsitarian Scenario |
| Publisher | Asian Forum on Business Education (AFBE) |
| Publication Year | 2555 |
| Journal Title | AFBE Journal |
| Journal Vol. | 5 |
| Journal No. | 3 |
| Page no. | 292 |
| Keyword | Collapsitarian Scenario,Business |
| ISSN | 2071-7873 |
| Abstract | The world is currently confronting some extraordinary environmental problems for which available evidence suggests potentially catastrophic outcomes under a 'business-as-usual' economic regime. By 2020, we may be facing a tipping-point leading to irreversible and catastrophic consequences on a global scale. Such anticipated, and inter-related, issues as climate change, degraded soil fertility, peak oil, water scarcity, food shortages, and population growth point to a global economic system that has severely overshot ecological sustainability. There has been considerable heated debate over the likely global outcomes ranging from climate change sceptics who view the science as fraudulent and perceive no adverse consequences, to 'collapsitarians' who anticipate by 2050, the plenary collapse of global capitalism, and subsequent violent conflict and death on an apocalyptic scale. This paper reviews the literature and data underlying the collapsitarian scenario, and considers the consequences for business in the coming decades, if this view proves to be correct. |
