Abstract
Capitalism today is showing an environmentally friendly face. Weyerhaeuser is tree growing company not the old growth clearcutting company, which it used to be. Proctor and Gamble encloses an environmental leaflet (printed on non-recyclable paper) in packages of its disposable diapers. Corporate publicists point to the benefits that will accrue to horribly polluted Poland and East Germany once Western corporations install modern manufacturing plants. Intellectual support comes from those who argue that the market is the best mechanism for satisfying the wants of individuals — including wants for environmental goods. Neoconservative regulatory reformers, new resource economists, and cornucopian free marketeers all tout the virtues of privatization and decentralization in the environmental political economy.
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