Insight and inspiration in turbulent times.
The precariat, a mass class defined by unstable labor arrangements, lack of identity, and erosion of rights, is emerging as today’s “dangerous class.” As its demands cannot be met within the current system, the precariat carries transformative potential.
Oil could have provided all the substitutes needed to end the whale industry, but instead fossil fuels energized the killing.
“We have to reduce consumption and resource use”, is a statement that is gaining some traction. Considering that all that is consumed has to be produced and vice versa it is a logical claim that we also have to reduce production, but that seems to be a lot more provocative.
As long as mainstream economic institutions remain blind to the fundamental biophysical basis of economics, they will remain in the dark about the core structural reasons why the current configuration of global capitalism is so prone to recurrent crisis and collapse.
The common goal of both the private and public sectors is rapid, sustained GDP growth, so the only climate actions that companies or governments are willing to take are those that will not risk slowing wealth accumulation.
During Turkey’s illegitimate invasion and annexation of Afrin, Turkish bombs pulverized ancient archaeological sites including the 3000-year-old Ain Dara temple. It’s an example of what imprisoned representative of the Kurdish movement Abdullah Öcalan calls capitalist modernity’s special warfare, severing people from their land and their history with one stroke.
A flood of recent analysis discusses the abuse of personal information by internet giants such as Facebook and Google. Some of these articles zero in on the basic business models of Facebook, and occasionally Google, as inherently deceptive and unethical. But I have yet to see a proposal for any type of regulation that seems proportional to the social problem created by these new enterprises.
Patel and Moore present a provocative and highly readable guide to the early centuries of capitalism, showing how its then radically new way of relating to Nature remains at the root of world political economy today. As for a guide to the future, however, the authors do little beyond posing a few big questions.
Today’s human activity isn’t exterminating mammoths through centuries of overhunting. Some humans are currently killing everything, from megafauna to microbiota, at speeds one hundred times higher than the background rate. We argue that what changed is capitalism, that modern history has, since the 1400s, unfolded in what is better termed the Capitalocene.
So overpopulation is a real problem. But if we don’t overthrow capitalism, Mother Nature is going to solve the overpopulation problem in a hurry, but in a most unpleasant manner. That’s why I don’t concern myself much with the population problem. I don’t mean to ignore it. But I think its very much a secondary driver compared to capitalism.
Guy Standing’s The Corruption of Capitalism (Biteback Publishing 2017) is a powerful attack on rentier capitalism and, very explicitly, a call to revolt. It is very informative and the detailed factual descriptions that Standing puts before his readers are intended to make them angry. He succeeded with me and probably will with most readers.
The problem is, we live in an economy built on perpetual growth but we live on a finite planet with limited resources and sinks. To date, all efforts to “green” capitalism have foundered on this fundamental contradiction: maximizing profit and saving the planet are inherently in conflict and cannot be systematically aligned even if, here and there, they might coincide for a moment. That’s because under capitalism, CEOs and corporate boards are not responsible to society, they’re responsible to private shareholders.
