I agree with the sentiment, but my experience of capitalism is that it would not cause reduction in resource exploitation. The reduced cost because of lower demand would just make it profitable to some other industry instead, who would use up the supply.
In some cases, you can even have the government intervene, like subsidizing production to avoid loss of jobs.
I agree with the sentiment, but my experience of capitalism is that it would not cause reduction in resource exploitation. The reduced cost because of lower demand would just make it profitable to some other industry instead, who would use up the supply.
In some cases, you can even have the government intervene, like subsidizing production to avoid loss of jobs.
It’s really a grab all you can world out there :(