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Rich economies are not going to downscale their production and consumption, and greening of production is not going to address the problems. The capitalist system based on higher consumption has not only led to the present environmental crisis but also caused extreme inequality and severe financial instability, throwing the entire world into turmoil from time to time, as last seen in 2008. The inescapable conclusion is that it is impossible to decouple material extraction from economic growth

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