Primary Accumulation and the Environment

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Indian political and economic elites appear to be quite optimistic on various economic, social and environmental questions: there is a satisfactory rate of economic growth, the promulgation of the Forest Rights Act (2006) aims to remedy historical injustices against adivasis, and the country is a leader in the growing market for certified emissions reductions (CERs) that aspires to address global climate change. In addition, capitalist mechanisms have proliferated with the aim of averting environmental disasters whilst providing profitable investment opportunities. “Free market” environmentalism (i.e., green neoliberalism) promotes the ideology of a “win-win” solution such that economic growth is compatible with environmental protection. This view is opposed to certain earlier approaches that framed the environmental question as a trade-off between economic growth and environmental conservation (see Lele 1991). - See more at: