Dare to declare capitalism dead – before it takes us all down with it

George Monbiot asks, “Do we stop life to allow capitalism to continue, or stop capitalism to allow life to continue?” In terms of the present Canadian political scene this equates to , “Do I vote for  neoliberalism  or do I choose social democracy?”  Your opinion and you vote matters.

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

Refugees at the Greek-Macedonian border in 2016. ‘In the 21st century rising resource consumption has matched or exceeded the rate of economic growth.’ Photograph: Dimitar Dilkoff/AFP/Getty Images

… as I’ve grown older, I’ve come to recognise two things. First, that it is the [capitalist] system, rather than any variant of the system, that drives us inexorably towards disaster. Second, that you do not have to produce a definitive alternative to say that capitalism is failing. The statement stands in its own right. But it also demands another, and different, effort to develop a new system.

Capitalism’s failures arise from two of its defining elements. The first is perpetual growth. Economic growth is the aggregate effect of the quest to accumulate capital and extract profit. Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity.

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….

Our choice comes down to this. Do we stop life to allow capitalism to continue, or stop capitalism to allow life to continue?

So what does a better system look like? I don’t have a complete answer, and I don’t believe any one person does. But I think I see a rough framework emerging. Part of it is provided by the ecological civilisation proposed by Jeremy Lent, one of the greatest thinkers of our age. Other elements come from Kate Raworth’s doughnut economics and the environmental thinking of Naomi KleinAmitav GhoshAngaangaq AngakkorsuaqRaj Patel and Bill McKibben. Part of the answer lies in the notion of “private sufficiency, public luxury”. Another part arises from the creation of a new conception of justice based on this simple principle: every generation, everywhere, shall have an equal right to the enjoyment of natural wealth. MORE

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Watch this great Green New Deal explainer video from The Leap

You’ve been hearing a lot about the Green New Deal, but you’re wondering what it’s all about? If you want a quick and chatty explainer, check out this video put together by the folks at The Leap, a climate action group.

The Leap Manifesto predates the Green New Deal, but the group has eagerly taken up the mantle. Here’s the central core of the Manifesto:

We could live in a country powered entirely by renewable energy, woven together by accessible public transit, in which the jobs and opportunities of this transition are designed to systematically eliminate racial and gender inequality. Caring for one another and caring for the planet could be the economy’s fastest growing sectors. Many more people could have higher wage jobs with fewer work hours, leaving us ample time to enjoy our loved ones and flourish in our communities.

We know that the time for this great transition is short. Climate scientists have told us that this is the decade to take decisive action to prevent catastrophic global warming. That means small steps will no longer get us where we need to go.

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The Game-Changing Promise of a Green New Deal

The Green New Deal is not a piecemeal approach that trains a water gun on a blazing fire, but a comprehensive plan to transform society for the better.

Alexandria Ocasio-Cortez, congresswoman-elect from New York, speaks to activists with the Sunrise Movement protesting in the offices of House Minority Leader Nancy Pelosi (D-Calif.) on Capitol Hill, in Washington, Nov. 13, 2018. (Sarah Silbiger/The New York Times)

Alexandria Ocasio-Cortez speaks to activists with the Sunrise Movement protesting in the offices of House Minority Leader Nancy Pelosi in Washington D.C., on Nov. 13, 2018. Photo: Sarah Silbiger/The New York Times via Redux

The draft text calls for the committee, which would be fully funded and empowered to draft legislation, to spend the next year consulting with a range of experts — from scientists to local lawmakers to labor unions to business leaders — to map out a “detailed national, industrial, economic mobilization plan” capable of making the U.S. economy “carbon neutral” while promoting “economic and environmental justice and equality.” By January 2020, the plan would be released, and two months later would come draft legislation designed to turn it into a reality. MORE