IS CIRCULAR ECONOMY COMPATIBLE WITH CAPITALISM?

Florin Bonciu

Romanian Economic Business Review, 2020, vol. 15, issue 1, 16-30

Abstract: In the context of climate change and increase of environmental challenges determined by human activity circular economy and other eco-friendly approaches are more and more promoted as possible solutions. The research analyzes if these approaches can be implemented in a capitalist, market based system, and proposes several possible scenarios. The conclusion is that circular economy and other eco-friendly approaches may represent viable solutions but their large scale implementation on the exclusive basis of market signals is rather improbable. The adoption and enforcement of strict regulations that might direct economic and social activities towards a sustainable development is possible (through European Green Deal, circular economy, Paris Agreement, etc.), but these are not market solutions, being enforced in an administrative way.

Keywords: circular economy; linear economy; re-use economy; climate changes; infinite growth approach; capitalism (search for similar items in EconPapers)
Date: 2020
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