User:Krao01/Steady-state economy/Npatel23 Peer Review

General info

 * Krao01
 * User:Krao01/sandbox

I'm copy-pasting your content here and adding my edits in bold type. Most of them are nit-picky wording changes but I'll leave general feedback in bullet points after each article if I have any.

= Article #2: Steady-state Economy =

Ecological reasons for a steady state economy[ edit]

 * Depletion of non-renewable minerals

Non-renewable mineral reserves are currently extracted at high and unsustainable rates from earth's crust. Remaining reserves are likely to become ever more costly to extract in the near future, and will reach depletion at some point. The era of relatively peaceful economic expansion that has prevailed globally since World War II may be interrupted by unexpected supply shocks or simply be succeeded by the peaking depletion paths of oil and other valuable minerals. In 2020 in the first time the rate of use of natural resources arrived to more than 110 billion tons per year

Economist Jason Hickel has written about the ideology of green-growth, the idea that as capitalism and systems expand, natural resources will also expand naturally, as it is compatible with our planet’s ecology. This contradicts with the idea of no-growth economics, or degrowth economics, where the sustainability and stability of the economy is prioritized over the uncontrolled profit of those in power.

Models around creating development in communities have found that failing to account for sustainability in early stages leads to failure in the long term. These models contradict green growth theory and do not support ideas about expansion of natural resources. Additionally, those living in poorer areas tend to be exposed to higher levels of toxins and pollutants as a result of systematic environmental racism. Increasing natural resources and increasing local involvement in their distribution are potential solutions to alleviate pollution and address poverty in these areas.