Jason Hickel: As long as capital controls production, we will have perverse results'
Briefly

Jason Hickel: As long as capital controls production, we will have perverse results'
"It's symptomatic. Global warming is extremely dangerous. It's a failure of our ruling classes, he declared in Madrid a few hours before participating in the Beyond Growth conference at the Spanish Congress. The author of Less is More: How Degrowth Will Save the World establishes that capitalism is based on brutally enriching the wealthiest at the cost of generating inequality and destroying the planet, and that GDP doesn't measure the real wellbeing of the population."
"Markets, business, and trade existed thousands of years before capitalism. There's nothing wrong with that. But this capitalism is a system based on anti-democracy. Decisions about what to produce and how to use our labor and resources are made by capital: big financial firms, large corporations, and the richest 1%, who own most of the investment assets. They produce only what is profitable for them, even if it's harmful to the population or the planet."
Declining insect populations in Eswatini exemplify a broader ecological collapse driven by global warming and unsustainable economic systems. Emissions reduction policies are woefully inadequate. Capitalism concentrates decision-making power in large financial firms, corporations, and the richest 1%, producing goods driven by profitability rather than human or ecological needs. GDP does not capture real wellbeing. Persistent consumerism, reinforced by advertising, equates personal worth with possessions and intensifies resource extraction and environmental harm. Structural change toward degrowth, democratic control of production, redistribution, and strict ecological limits is necessary to avert further collapse.
Read at english.elpais.com
Unable to calculate read time
[
|
]