TORONTO, (IPS/IFEJ) - Capitalism has proven to be environmentally and socially unsustainable, so future prosperity will have to come from a new economic model, say some experts. What this new model would look like is the subject of intense debate.

One current states that continuous growth can be environmentally compatible if clean and efficient technologies are adopted, and if economies leave behind production of material goods and move towards services. This is known as sustainable prosperity.

International agreements to fight global problems, like the thinning of the atmosphere’s ozone layer and climate change, have used market principles to achieve compliance by the private sector.