Macdonald, G. (2023, January 15). When conservation and capitalism meet: A visit to New Mexico’s Ted Turner Reserves. The Globe and Mail. Retrieved January 29, 2023, from https://www.theglobeandmail.com/life/travel/article-ted-turner-reserves/
Can capitalism, an economic notion causing much damage to the environment, be used for good? American billionaire Ted Turner and founder of CNN has been using his fortune to help protect endangered species, alleviate climate change’s effects on the US, and has recently opened four ranches in New Mexico open for ecotourism. Turner’s ranches are mixing luxury and sustainability, which is attracting a new, usually very consumerist, clientele. His philosophy is to “save everything”, and these new investments seem to reflect that pretty well as he aims for his ranches to be environmentally friendly and zero-waste.
It is reassuring to see mega-billionaires put some effort into environmental causes and use their money for good, which is usually unheard of. Turner’s ranches not only support the local economy but also bring New Mexico more eco-tourism opportunities. These luxury ranches are obviously inaccessible to an everyday vacationer, but it hopefully encourages his fellow magnates to follow suit and expand the ecotourism industry, although it often is for purely capitalistic motives.