Reading 7 : Bell Money And Machine Word Count 400 Essay

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Reading 7: Bell Money and Machine Word count 400 Within this chapter Bell explains the concept of ‘The Treadmill of Production’, where capitalism 's core impulse to expand production without regard to natural limits of growth set by the biosphere. This impulse makes the process of capital accumulation inherently unsustainable and anti-ecological. According to Bell and the Treadmill of Production model, developments in technology, primarily encouraged by owners of the means of production seeking to increase profits, drive the expansion of production and consumption simultaneously. This process leads to a cycle of production demanding more production, because all sectors of society (the state, organized labour, and private capital) depend on continued economic growth to solve problems, such as unemployment generated by mechanization, which are created by growth itself. As more production is required to keep up with demand so too is the increase and acceleration of ecological demands. The advanced capitalist economies are so unsustainable because production is secured into this capitalist treadmill of never-ending expansion and growth for growth 's sake. As we produce and consume more we add more into the environment. We continually produce products and services and create consumers that consume these products and services. These processes require more energy and resources, thus generating increasing industrial and consumer wastes, all of which are added to the environment.

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