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The Efforts of Markets on EnvironmentM
Markets undermine the environment. Despite widespread public support for environmental action, the driving forces of globalization still put profit before environmental protection, preservation and sustainability. It is generally believed that the World Trade Organization has instead acted to protect the trading system from government policies designed to protect the environment.
But with the passage of the agreement on trades, almost all knowledge-based production is now subject to tight intellectual property protection. All this assures us that the measures come down clearly in favor of the power of globalization to bring both economic and ecological benefits to societies. In listing the negative impacts of markets on people and environments, it is important not to appear to be rejecting markets as the central organizing principle of global economic life. Markets need institutions and rules, which function as the improvement of the global setting.
My opinion is that we need to keep markets free but fair. This formulation may beg the question. But markets have to produce and allocate goods based on the number of dollars that demand them, not on the basis of need. Moreover, we should start out with equal incomes, thus generating equality and leading to building the environment of community. Thus, the necessary consequence of markets is self-centeredness, but on the other hand, it has to attribute to improving better living conditions for all nations.
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