The world's population is expected to continue rapid growth but peak around 2075 at a level around 9.2 billion (Alexandratos, 2005)
A world with a stable population can reach a level of economic development where living standards are high and gains are incremental based only on technological innovation -- Japan today is as close to an example as we have. It has even been shown that if the world's population grows at a quasi-arithmetic rate as opposed to exponential that non-decreasing per capita consumption is feasible (Asheim, et al
Additionally, as there are negative externalities not accounted for in the basic measurement systems (financial statements), they will not be taken into account when the rational assessment of one's situation is taken into account. Corporations are strictly oriented towards short-term maximization of shareholder wealth (Friedman, 1971), not to maximizing resource acquisition, efficient use of resources or much of anything else to do with resources
He understood the relevance of financial constraints, but also was in a position as the central banker to loosen the purse strings and relieve those constraints. His view traditionally was that industries would protect resources out of self-interest (Nair, 2009)
Smith argued that trade was a better solution. Smith's vision of trade held the issue of scarcity should be better addressed through trade because this enabled for maximize efficiency in the use of resources (Snowdon, 2003)
On the other hand, if countries especially the ones with very low incomes are bestowed with abundant primary commodities; this aggravates the risks of conflict. If, unluckily, the conflict breaks out, the copious quantity of natural resources becomes the reason of the extension of war (Bannon, and Collier ix)
Their exploitation and utilization level is beyond the rate at which they can be improved or renewed. This situation is an intimidation for the survival of the future generations (Gausset, Whyte, and Thomsen 20)
On the contrary, many believe that this was not the real motive behind Iraq war. The invasion is said to be based on falsehoods and the genuine purpose of attack was to have power over and be in command of the copious oil reserves in Iraq (Kaptur)
However, it doesn't derive us to the conclusion that interpersonal associations are dependent on war as a requisite or obligatory institution (Mises 10+). Many believe that war is a natural necessity and man can only attain full human importance if he behaves aggressively and antagonistically (Mead 415)
Man has always been enthusiastic about fighting, murdering and stealing from others. However, it doesn't derive us to the conclusion that interpersonal associations are dependent on war as a requisite or obligatory institution (Mises 10+)
This method should measure correctly how a person or a party should compensate to the society for the harm a person/corporation creates, including payment for the loss during remediation and cleanup cost. Armed with this information, investors may review how their investments also work in harmony with political and social liability (Peace, 1997)