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The climate crisis calls for an immediate capping – n...

The climate crisis calls for an immediate capping – not decapitating – of capitalism
by Jeff Rudin, Daily Maverick
May 3, 2021
The climate crisis calls for an immediate capping – not decapitating – of capitalism
by Jeff Rudin, Daily Maverick May 3, 2021
“The simple fact is, if the climate crisis is not going to bring on the collapse of modern civilisation, the world will need an entirely new economy.”
This beginning to a recent Daily Maverick article by Kevin Bloom serves to remind us of the enormous progress made in the foregrounding of climate change. From a beginning of, at best, just being recognised, it has progressed to increasingly being seen as a global crisis. This, despite the best efforts of the fossil fuel industry, the investors who live off that industry and the politicians who defend both. ....

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Monthly Review | The Contagion of Capital

John Bellamy Foster is the editor of
Monthly Review and a professor of sociology at the University of Oregon. R. Jamil Jonna is associate editor for communications and production at
Monthly Review. Brett Clark is associate editor of
Monthly Review and a professor of sociology at the University of Utah.
The authors thank John Mage, Craig Medlen, and Fred Magdoff for their assistance.
The U.S. economy and society at the start of 2021 is more polarized than it has been at any point since the Civil War. The wealthy are awash in a flood of riches, marked by a booming stock market, while the underlying population exists in a state of relative, and in some cases even absolute, misery and decline. The result is two national economies as perceived, respectively, by the top and the bottom of society: one of prosperity, the other of precariousness. At the level of production, economic stagnation is diminishing the life expectations of the vast majority. At the same tim ....

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