After 10 years working in the corporate sector as a senior management and expert consultant, I have lost complete faith in the current economic paradigm’s ability to resolve the sustainability crisis it has caused.
Here are some of the reasons:
1- Improving social and environmental conditions is expensive, it generally means an increase in cost and a loss of profitability. It can be done on niche markets but not at the needed scale.
2- Exploitation is incentivized, regeneration isn’t. Eg: a dead fish on the market has market value, not a live fish in the ocean. So people are incentivized to exploit natural resources, not to let them regenerate. It logically ends up with planetary overshoot and a global-scale tragedy of the commons — what is happening today.