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Socialist critics of market capitalism argue that businesspeople will not care about the environment because they...

Socialist critics of market capitalism argue that businesspeople will not care about the environment because they are concerned only about profits, whereas socialist planning will be able to take care of the environment. Why then have environmental conditions generally been better in the industrialized market capitalist economies than in the industrialized command socialist ones?

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Answer - The possible reason for the above given situation can be the corporate social responsibilty obligations and the government interventions . The socialist economies talk more about environment , but more capitalist ones tend to focus more on the profits. Hence many times the government also intervenes in order to persuade towards the protection of the environment and focus on some social activities. An example of this can be the tradable pollution permits distributed by the government . Hence this may be the reason of more environmental activism in industrialised economies.

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