Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

April 20, 2019 | 60 Minutes Australia Looks at the Recycling Lie

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Recycling non-biodegradable plastics into other non-biodegradable plastics is a stop-gap measure. The solution requires us to greatly reduce the use of plastics and require that the ones needed be made out of biodegradable materials.  Time to speak up and act. We consumers accepting this packaging are enabling its demand.

There is no doubt Australia is one of the most wasteful nations in the world, so the practice of recycling helps to lessen our guilt. As we drag our bins out for collection each week, we feel like we’re helping the environment. But the reality is that we’re all being conned. Right now, Australia is stuck in an unsightly and worsening recycling crisis. What is being done with plastic waste, the material most people think would be easy to salvage and re-use, is of the greatest concern. As Liam Bartlett discovers, most of it ends up either being buried or worse – exported to countries like Malaysia, a place we are now treating like a garbage bin.  Here is a direct video link.

 

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

April 20th, 2019

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.