Around the time of the UN Rio Conference in 1992 the official four criteria for what was then called ‘Ecologically Sustainable Development’ (ESD) were defined as:
1. Maintaining ecological integrityThe author then explains how each of these principles are in direct contradiction to capitalism. Hence, they were ignored. For the One Percents of the world, whenever they must choose between the planet and capitalism, the latter always wins. That is simply because most One Percents are addicts. They are drunk on the power and wealth that imbibing the substance of capitalism creates for them.
2. Intergenerational equity
3. Internalising ecological and social costs
4. The Precautionary Principle