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Thu Apr 25, 2019, 05:05 AM

Dare to declare capitalism dead - before it takes us all down with it (George Monbiot)

From George Monbiot in The Guardian:

The economic system is incompatible with the survival of life on Earth. It is time to design a new one.

Full story: https://www.theguardian.com/commentisfree/2019/apr/25/capitalism-economic-system-survival-earth




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Reply Dare to declare capitalism dead - before it takes us all down with it (George Monbiot) (Original post)
arenean Apr 2019 OP
femmedem Apr 2019 #1
safeinOhio Apr 2019 #2
femmedem Apr 2019 #3
Locrian Apr 2019 #4
ck4829 Apr 2019 #5
3Hotdogs Apr 2019 #6
appalachiablue Apr 2019 #7

Response to arenean (Original post)

Thu Apr 25, 2019, 05:43 AM

1. George Monbiot is one of my favorite writers/thinkers. Thanks for posting this.

I would hate to have missed it.

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Response to arenean (Original post)

Thu Apr 25, 2019, 05:43 AM

2. Excellent

A must read.

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Response to arenean (Original post)

Thu Apr 25, 2019, 05:48 AM

3. From the linked opinion piece:

"...A system based on perpetual growth cannot function without peripheries and externalities. There must always be an extraction zone – from which materials are taken without full payment – and a disposal zone, where costs are dumped in the form of waste and pollution. As the scale of economic activity increases until capitalism affects everything, from the atmosphere to the deep ocean floor, the entire planet becomes a sacrifice zone: we all inhabit the periphery of the profit-making machine.

This drives us towards cataclysm on such a scale that most people have no means of imagining it. The threatened collapse of our life-support systems is bigger by far than war, famine, pestilence or economic crisis, though it is likely to incorporate all four. Societies can recover from these apocalyptic events, but not from the loss of soil, an abundant biosphere and a habitable climate.

The second defining element is the bizarre assumption that a person is entitled to as great a share of the world’s natural wealth as their money can buy. This seizure of common goods causes three further dislocations. First, the scramble for exclusive control of non-reproducible assets, which implies either violence or legislative truncations of other people’s rights. Second, the immiseration of other people by an economy based on looting across both space and time. Third, the translation of economic power into political power, as control over essential resources leads to control over the social relations that surround them.

In the New York Times on Sunday, the Nobel economist Joseph Stiglitz sought to distinguish between good capitalism, which he called “wealth creation”, and bad capitalism, which he called “wealth grabbing” (extracting rent). I understand his distinction. But from the environmental point of view, wealth creation is wealth grabbing. Economic growth, intrinsically linked to the increasing use of material resources, means seizing natural wealth from both living systems and future generations..."

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Response to arenean (Original post)

Thu Apr 25, 2019, 06:05 AM

4. great article

"Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity."

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Response to arenean (Original post)

Thu Apr 25, 2019, 06:31 AM

5. K&R

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Response to arenean (Original post)

Thu Apr 25, 2019, 06:33 AM

6. But capitalism doesn't exist. Fascism (called Corporatism in 'merica) is what we have.

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Response to arenean (Original post)

Thu Apr 25, 2019, 12:35 PM

7. Better develop a new system soon or the same economic

figures and institutions will take charge. They're already all over this issue.

Important article by Mobiot, and urgent!

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