A common charge by environmentalists is that capitalism is bad for the environment. Indeed, Christiana Figueres, former secretary-general of the United Nations Framework Convention on Climate Change, opined that climate negotiations in Paris in late 2014 offered the world its best opportunity to replace the reigning global economic order (capitalism, or free markets) with another (socialism, or government-planned economies). But is capitalism really bad for the environment? One of the Ten … [Read more...]