Although globalization has been a buzz word for a decade, free flow of goods, people, and money, have never really happened. But finally, true globalization is here! There is overwhelming scientific evidence that our excesive use of fossil fuels is causing global warming, and that its effects on all species, including humans, will be catastrophic in every part of our planet. Global warming is not an issue of beliefs as some politicians such as George W. Bush wants to frame it. Just like you are affected by gravity even if you don't "believe" in it, you will be affected by climate change.
The burning of fossil fuels and the consequential global warming is a classic example of the "Tragedy of the Commons." In his 1968 essay published in Science magazine, Garrett Hardin popularized the concept of the "Tragedy of the Commons" in reference to natural resources. TheTragedy of the Commons is a class of phenomena that involve a conflict for resources between individual interests and the common good: free access and unrestricted deman for a finite resource ultimately dooms the resource through overexploitation. The "tragedy" should not be seen as tragic in the conventional sense, but in the sense that the philosopher Alfred North Whitehead used it: "the remorseless working of things." Furthermore, Hardin's use of "commons" has frequently been misunderstood, leading Hardin to later remark that he should have titled his work, "The Tragedy of the Unregulated Commons."
Peter Barnes, author of Capitalism 3.0: A Guide to Reclaiming the Commons, sees climate change as a pair of tragedies: first of the market, which has no way of curbing its own excesses, and second of government, which fails to protect the atmosphere because polluting corporations are powerful and future generations don't vote.
One of the tragic flaws of our current capitalist system is the destruction of nature. The voracious use of our limited natural resources will continue unless future generations, pollutees, and non-human species are represented in our economic models instead of being dismissed as externalities. We need an economics with less emphasis on mathematics, more plurality, and a return to the human side of the subject. An economics that makes room for ethics and ecology, which have being excluded by the dominant neoclassical economic approach. Saul