Capitalism is not compatible with addressing climate change. It requires never ending economic growth for its survival. Growth has brought unprecedented wealth to the owners of capital, prosperity to the world’s middle classes and untold misery to the majority of people, particularly in the global South. Capitalism plunders the resources of the earth and of the people. It is the driving force behind ecological disruption on all scales from the local to the global. Climate change is the ultimate symptom of this renting of the earth system.
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