Quote:
Originally Posted by redpoint5
While there certainly is a problem of short sightedness, I do not believe boards of directors are completely ignoring long term viability and profitability. That said, natural resources are heavily regulated, and have varying degrees of success at achieving long term sustainability. For instance, there are far more trees in our forests today than there were 100 years ago.
A properly regulated industry will balance the needs of consumers, the needs of the company, and the sustainability of the resource.
|
'World forest cover was some 70 million Km-sq 10,000 years ago,while it is somewhat more than 35 million today.The world has lost about half of its trees since the horticultural revolution,and of those it has lost,more than half have been cut down since 1970.As of the mid-1990s over 200,000 km-sq of tropical forests were vanishing each year,at which rate the forests would disappear by 2040.'
Craig Dilworth,Too Smart for Our Own Good.