How Does Capitalism Respond to Pollution and Climate Change? “Greenwashing”
Greenwashing is nothing new, it has been around a long time along with public concerns over climate change and environmental impacts affecting consumer decisions about purchasing products. Consumer education, public advocacy, union organizing, political activism, strict regulation, responsible investing (Economic, Social and Governance — ESG) and non-profit consumer options, are the best and most effective means of dealing with capitalist greenwashing and other means of deceptive advertising and marketing techniques.
For decades Wall Street investors, capitalists and corporate managers have been agonizing over the best way for responding to public outcry about environmental degradation and how consumer products contribute to atmospheric and environmental destruction. However, as consumers and activists are beginning to realize there are means and ways to combat the use of greenwashing to cover up the damage done by unscrupulous business owners and capitalists. Some options include organizing workers for collective bargaining in the fashion industry, especially in underdeveloped countries where workers are underpaid and exploited for their cheap labor.
