Why does market capitalism fail to deliver a sustainable environment and greater equality of incomes?
论证自由市场资本主义偏向于劳动节约型资源密集型生产，忽视绿色技术和穷人基本需求，导致环境不可持续和收入不平等加剧，并提出纠正政策。
I argue that free-market capitalist economies are biased against inventing/using green technology and against supplying the basic needs of the poor. With no mechanism for setting globally optimal prices for non-renewables, entrepreneurs choose labour-saving resource-intensive production methods. Further pressure on labour costs comes from finite individual lifetimes combined with rising access to goods. R&D creates technologies/products geared to saving worker and consumer time, instead of conserving non-renewable resources. Demand for positional luxury goods by the rich crowds out the basic needs of the poor. Technology caters for the demands of the rich, accentuating inequality, as prices fall/quality rises with innovation. I conclude with policies to redress imbalances. Copyright 2005, Oxford University Press.