extractivism

Extractivism refers to an economic model focused on extracting natural resources from the Earth, such as minerals, oil, gas, and timber. This practice prioritizes short-term profits over long-term sustainability, often leading to environmental degradation, loss of biodiversity, and adverse social impacts, particularly on indigenous communities. Proponents argue it drives economic growth and development, but critics highlight its detrimental effects on ecosystems and local livelihoods. The debate around extractivism is crucial in discussions about sustainable development, environmental justice, and the balance between resource use and conservation.