A new mindset is needed to strike a balance between sustainable living and unbridled economic expansion. Vladimir Vernadsky, the renowned Russian biogeologist was the first to comprehend the consequences of life’s interaction with the structure of the earth. However, in today’s society, even while we realize our need for the resources of our planet, such as oxygen, water, and many other natural elements, we may not recognize the link between the earth and our economy.
Nowadays, all climate-conscious global citizens are willing to save the environment and achieve global sustainability. As a result of global sustainability, people and the planet will have a revitalized, healthy, and respectful relationship. It will occur only when the governing principles of human civilization evolve to be compatible with the ecosystem and flourishing biodiversity. It will become possible if our social and economic interactions promote compassion and equality among all human beings and other creatures.
After the accomplishment of global sustainability, the yearly material consumption of humans will be in line with the sustainable production of the earth’s renewable bio-capacity. To do this, entire production, resource extraction, and consumption must be drastically reduced, as well as fundamental reorganization within the limited totals, in order to meet social and economic fairness goals. Internationally, a meaningful definition of wealth will be adopted, considering the health and well-being of all living beings and planetary ecosystems as well.
Today, almost 2.5 billion people are desperately in need of more material resources to escape poverty and to get a minimum standard of housing, nutrition, and sanitation. A minority of the human population consumes far more than they require, while millions of people toil to make ends meet, and many people die on a regular basis because they are unable to meet their basic necessities. There are many ways to reform the human economy. Some government policies should also be made solely focused on the economic empowerment of women. Financial literacy among vulnerable communities can assist families in escaping poverty and earning a living.
To achieve global sustainability, humanity must abandon all types of predatory capitalism and its unfettered faith in markets as sources of social values. If human civilization achieves sustainability, no longer bulldozing forests, draining aquifers, eroding soils, or depleting non-renewable sources will be required. As a result, it will not be necessary to fill the lands and rivers with our wastes. Thus humanity’s economic paradigm will shift from narrow self-interest toward cooperation. There will be no competitive self-interest and everyone will try to fulfill one common goal of living a prosperous and healthy life.