Solving the Climate Crisis Requires the End of Capitalism

| October 14, 2021 | Leave a Comment

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Media Type: Article - Recent

Author(s): Jeremy Lent

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Originally published October 9, 2021 in Salon

It’s time to face the fact that resolving the climate crisis will require a fundamental shift away from our growth-based, corporate-dominated global system.

The global conversation regarding climate change has, for the most part, ignored the elephant in the room. That’s strange, because this particular elephant is so large, obvious, and all-encompassing that politicians and executives must contort themselves to avoid naming it publicly. That elephant is called capitalism, and it is high time to face the fact that, as long as capitalism remains the dominant economic system of our globalized world, the climate crisis won’t be resolved.

As the crucial UN climate talks known as COP26 approach in early November, the public is becoming increasingly aware that the stakes have never been higher. What were once ominous warnings of future climate shocks wrought by wildfires, floods, and droughts have now become a staple of the daily news. Yet governments are failing to meet their own emissions pledges from the Paris agreement six years ago, which were themselves acknowledged to be inadequate. Increasingly, respected Earth scientists are warning, not just about the devastating effects of climate breakdown on our daily lives, but about the potential collapse of civilization itself unless we drastically change direction.

The elephant in the room

And yet, even as humanity faces perhaps the greatest existential crisis in its species’ history, the public debate on climate barely mentions the underlying economic system that brought us to this point and which continues to drive us toward the precipice. Ever since its emergence in the seventeenth century, with the creation of the first limited liability shareholder-owned corporations, capitalism has been premised on viewing the planet as a resource to exploit — its overriding objective to maximize profits from that exploitation as rapidly and extensively as possible. Current mainstream strategies to resolve our twin crises of climate breakdown and ecological overshoot without changing the underlying system of growth-based global capitalism are structurally inadequate.

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