Thomas Friedman of The New York Times speaks on the global warning received in 2008

October 9th, 2011 by Richard Lord

Thomas Friedman, Pulitzer Prize winning author and Foreign Affairs columnist for The New York Times, speaks at the Greenbuild Conference held in Toronto, Canada from 4 to 7 October 2011.

He said “I would argue that 2008, a year we think is just about the sub-prime crisis was more than that. 2008 was the year that both the Market and Mother Nature got together and issued us a warning – you are growing in an unsustainable way environmentally and economically. Turn back now – this is your warning heart attack.”

“The World Wildlife Fund in their Living Planet Report of 2008 concluded that we are operating 25% above the planet’s biological capacity to support life on Earth.”

“The world is currently struggling with the consequences of over-valuing its financial assets, but a more fundamental crisis looms ahead – an ecological credit crunch caused by undervaluing the environmental assets that are the basis of all life and prosperity.”

“We have been exhibiting faulty accounting in both the Market and Mother Nature…..”

 

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