All posts tagged: Economics

Tourism and the Global Expansion of Capital: Contradictions, Fixes, and More Contradictions

Capitalist development driven by a maximisation of profit for the owners and shareholders makes it prone to practices that are environmentally unsustainable, that promote a kind of individualism that disregards the fortunes and efforts of others, and that disrupts social mores. They often obstruct flows that meet basic needs, endanger livelihoods of those dependent on natural capital, and furthermore accelerate inequality and disrupt social cohesion within the community.