The Materials Economy - Discussion

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“The world market is a system in crisis!” – Discuss

It has been argued whether the world market is really a system in crisis. Some people think that the statement is true, while some stand against it. Here, while the woman in “The Story of Stuff” thinks that the world market is a system in crisis, the man in “The Story of Stuff – The Critique” thinks the opposite. In this essay, I will discuss both views (“The Story of Stuff” and “The Story of Stuff – The Critique”) and by weighing up the reasonability of evidence from both sides, I will make a conclusion about whether I agree with it or not.

According to the woman in “The Story of Stuff”, all things move through five distinct stages: Extraction, Production, Distribution, Consumption and Disposal. In the following paragraphs, I will discuss both views stage-by-stage.

To begin with, ‘extraction’ literally means taking the planet’s resources. However, according to “The Story of Stuff”, it is just a fancy word for “trashing the planet” because to get resources, we have to cut down forests, blow up mountains to get metals inside, use up water and destroy animals’ habitats. Actually, she says that we are running out of resources. In the past 30 years, one third of the planet’s natural resources has been used up, which means that we are making human life on Earth less sustainable. Moreover, she states that some countries, such as USA, are actually using more than share. For example, USA has 5% of the world population, but it is using 30% of the world resources. As a negative result, MEDCs cope with ‘running out of resources’ by stealing resources from other LEDCs countries.

On the other hand, the man in “The Story of Stuff – The Critique” argues that “extraction” is not really “trashing the planet”, as some resources are reusable. For instance, trees that are chopped down are often replanted. Also, we are not running out of resources much because some of them have not been discovered yet; as we have only touched the surface of the Earth, so we will definitely discover many more deeper down. Even if a resource is becoming more scarce, its price will automatically increase, leading to less people buying that resources. Moreover, using resources actually make life easier for many people on Earth. An evidence for this is that life expectancies around the world have increased. Furthermore, MEDCs are not actually stealing resources from LEDCs. In fact, it is a trade: LEDCs would give MEDCs labour force and resources as an exchange for money, technology and improved living conditions from MEDCs.

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Secondly, I am going to discuss “production”. The woman in “The Story of Stuff” thinks that the synthetic products that we are consuming are all toxic-contaminated as factories made these products using natural resources and toxic chemicals. The problem is that, only a small proportion of these chemicals have been tested for their impacts on human health and despite their toxicity, some chemicals are still put into our products. For example, BFRs (Brominated Fire Retardants), a toxic chemical which harms the brain, is still put into our pillows and computers. Many workers are also exposed to toxic chemicals in factories, ...

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