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Old 09-03-2019, 02:12 PM   #6735 (permalink)
sendler
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"Capitalism relies for its functioning on a logic of infinite growth, fossil fuel combustion, and colonial resource extraction abroad. The drive for infinite economic growth exhausts the world’s finite resources and creates increasing waste and pollutant by-products which necessarily ends up crossing planetary boundaries and undermining the world’s biosphere. The capitalist economy’s growth imperative relies on the high efficiency of polluting fossil fuels to sustain itself, manifested in the stark rise in carbon emissions and global warming since the industrial revolution. The capitalist economy is historically built on colonial resource extraction abroad and has only survived by these same means. Still today, the fuels and resources for the Global North are obtained by means of gross human rights violations, exploitative work conditions, and localised ecological degradation in the Global South. It is this system of infinite growth that is currently driving the planet to climate breakdown and ecological Armageddon.

However, without this increasing growth, the economy falters and even collapses in recession, putting shops out of business, pushing communities into unemployment, and creating grim economic hardship and social fallout. This creates an impossible dilemma for those running society’s political institutions – they are unable to keep the economy afloat and tackle climate breakdown at the same time"
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https://www.resilience.org/stories/2...reen-new-deal/
 
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