You might think an A-list business reporter for the NY Times would know basic economics. But not in the case of Joe Nocera.
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Scooped by SustainOurEarth onto Sustain Our Earth |
You might think an A-list business reporter for the NY Times would know basic economics. But not in the case of Joe Nocera.
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"A report by the UN Environment Programme's Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising resource costs, are likely to become increasingly important to a nation's economic health – and may therefore affect its ability to repay or refinance sovereign debt."
This excellent report makes the link between the world's financial debt crisis and the global ecological debt crisis. The debate on austerity gets a completely different dimension if you look at this double challenge. Via Willy De Backer Delete the scoop?
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