1

Valerie Brown – Why Financial Markets Won’t Solve the Climate Crisis

t may not be polite to mention Karl Marx in America, but leading thinkers on the left think that capitalism may be the cause of climate change and that to save the planet the system needs fundamental reform.

According to a new book, the profit motive drives capitalism above all other considerations. It forces us to extract everything from the planet that will generate a surplus at the expense of real benefits to humans and ecosystems.

Fossil Capital: the Rise of Steam Power and the Roots of Global Warming by Andreas Malm, out in hardback from Verso in January 2016, analyzes capitalism’s role in global warming by delving into its past.

Read More