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Capitalism and Sustainability Dilemmas

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Future Design

Abstract

A main theme in future design is a necessity of new social mechanisms that can successfully incorporate a voice of future generations into a collective decision the current generation makes. The future design is necessary especially when the current generation has a tendency to make decisions in favor of herself, damaging future generations and sustainability of societies, which we call sustainability dilemmas (SDs).

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Notes

  1. 1.

    Ensuring the efficient allocation of private goods through competition is one of the major ideas in capitalism and the economic development and modernization of current societies are based on capitalism. Considering this fact, we define “ongoing modernization of competitive societies” as capitalism and address highly modernized and competitive societies as capitalistic.

  2. 2.

    A major reason for using the triple-dominant method is due to its simplicity. Many subjects in the Bangladeshi fields are not educated and we needed a simple game for everyone to understand.

  3. 3.

    There may be other ways to split the resource when depletion takes place. However, this is the simplest way to let subjects understand the rule of games in the field based on pilot testing.

  4. 4.

    The marginal effect of the regional dummy comes from a simple formula Wooldridge (2008). The marginal effect of the regional dummy variable can be approximated with the following formula: \(\exp (.37)-1\approx 0.448\approx {45}{\%}\).

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Correspondence to Koji Kotani .

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Timilsina, R.R., Shahrier, S., Kotani, K. (2020). Capitalism and Sustainability Dilemmas. In: Saijo, T. (eds) Future Design. Economics, Law, and Institutions in Asia Pacific. Springer, Singapore. https://doi.org/10.1007/978-981-15-5407-0_11

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  • DOI: https://doi.org/10.1007/978-981-15-5407-0_11

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