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	<title>Mid-Life MBA &#187; Ethics</title>
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		<title>The Hopeful Rise of Eco Business</title>
		<link>http://business-school-blog.elliottback.com/89/the-hopeful-rise-of-eco-business/</link>
		<comments>http://business-school-blog.elliottback.com/89/the-hopeful-rise-of-eco-business/#comments</comments>
		<pubDate>Tue, 24 Oct 2006 15:16:19 +0000</pubDate>
		<dc:creator>Eric Back</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Ethics]]></category>

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		<description><![CDATA[Global Foot Print Network, as featured in an MSNBC news article today, predicts that the consumptive-industrial &#8220;overshoot&#8221; of the earth&#8217;s capacity to produce resources is at a critical point.

&#8220;Humanity is living off its ecological credit card,&#8221; said Mathis Wackernagel, head of the Global Footprint Network. &#8220;While this can be done for a short while, overshoot [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.footprintnetwork.org/index.php" target="_blank">Global Foot Print Network</a>, as featured in an MSNBC news article today, predicts that the consumptive-industrial &#8220;overshoot&#8221; of the earth&#8217;s capacity to produce resources is at a critical point.</p>
<p><span id="byLine" /></p>
<p class="textBodyBlack"><span id="byLine" />&#8220;Humanity is living off its ecological credit card,&#8221; said Mathis Wackernagel, head of the Global Footprint Network. &#8220;While this can be done for a short while, overshoot ultimately leads to liquidation of the planet&#8217;s ecological assets, and the depletion of resources, such as the forests, oceans and agricultural land upon which our economy depends.&#8221;</p>
<p class="textBodyBlack">&#8220;On current projections, humanity will be using two planets&#8217; worth of natural resources by 2050 — if those resources have not run out by then,&#8221; they say.  &#8221;People are turning resources into waste faster than nature can turn waste back into resources.&#8221;</p>
<p class="textBodyBlack">If this estimate is data-based and more than exageration for the sake of a point, we have a very, forward-leading indicator of coming crisis for our present economic model.  This is to say that capitalism, though not extinguished, will be increasingly pressed into the service of clean and sustainable technologies.  After IT, coul eco-business be the coming boom?</p>
<p class="textBodyBlack"> </p>
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