Hawken, Lovins, and Lovins describe today's capitalism to have emerged in a time when labor was scare and natural capital was abundant whereas today labor is abundant while natural capital is depleting.

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Hawken, Lovins, and Lovins argue that capitalism emerged during a time when labor was scarce and natural capital was abundant, but today, the situation has changed, and labor is abundant while natural capital is depleting.

Hawken, Lovins, and Lovins Describe Today's Capitalism to Have Emerged