I was watching a TV episode on several entrepreneurs, and the episode featured pitches for environmentally friendly or green alternatives: e.g., hangers made from potato starch and biodegradable oil.
Would it be wrong to invest in such green technologies—i.e. technologies that have low "carbon footprints", for example, or low environmental impacts—e.g., products which don't contain plastics?
Environmentalism is an ideology inherently opposed to capitalism, and I would be wary of any company that makes environmentalism part of its business model. Such companies are often acting self-sacrificially; or worse, they are actively lobbying the government for taxes, subsidies, and regulations that artificially create a "green" market -- and thus they are advocating the violation of rights.
There is nothing wrong with voluntary, privately funded efforts to save energy and other resources, or to reduce pollution. These actions can serve rational, egoistic purposes such as reducing costs or (in the latter case) protecting a company from liability for violating others' rights. In these cases, such actions do not need the trendy label "green"; more ordinary words like clean, efficient or inexpensive are sufficient.
answered Nov 01 '10 at 17:59
Andrew Dalton ♦