Understanding Social Welfare Capitalism,Private Property,and the Government’s Duty to Create a Sustainable Environment |
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Authors: | Dennis R Cooley |
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Institution: | (1) Department of Natural Resources and Environmental Sciences, University of Illinois, Urbana–Champaign, 1105 Plant Sciences Laboratory, MC-634 1201 South Dorner Drive, Urbana, IL 61801, USA |
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Abstract: | No one would deny that sustainability is necessary for individual, business, and national survival. How this goal is to be
accomplished is a matter of great debate. In this article I will show that the United States and other developed countries
have a duty to create sustainable cities, even if that is against a notion of private property rights considered as an absolute.
Through eminent domain and regulation, developed countries can fulfill their obligations to current and future generations.
To do so, the governments must reject perfectly competitive free market capitalism and the absolute right to private property,
and more fully adopt social welfare capitalism as their economic system. The result will be a sustainable society that balances
democracy, individual rights and individual flourishing with the community’s flourishing. |
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