Why? Capitalism cannot solve Climate Change, as it depends on the highest possible profit margins and rampant consumerism. Transitioning from a profit-focused system to fulfilling uses and needs in Socialism, where the Proletariat is in charge and can collectively agree to tackle Climate Change, is the only path forward.
This seems like you just want to be edgy and doomerist with nothing to back yourself up.
Capitalism cannot solve Climate Change, as it depends on the highest possible profit margins and rampant consumerism.
It’s definitely possible to do “Green Capitalism”, so long as the profit margins of green capital exceed dirty capital.
But Americans have huge investments in old dirty infrastructure that they want to use until it falls apart. That’s the real difficulty. How do you convince people with a $1B pipeline through the West Texas gas fields to scrape that project and build lower-profit windmills/solar farms and HVDC cable lines instead?
Our current leadership could subsidize green energy to move the market. But this would force existing businesses to build new capital rather than rent seeking on existing capital.
Compare the US to France, which has a huge legacy investment in nuclear power. They’re capitalist, too, but they aren’t in a rush to burn more fossil fuels.
Capitalism can’t do green. If you were to make an accounting of all of the environmental damage that capitalist industry has done to the ecosystem, the cost to clean it all up would dwarf the revenue. Capitalist economists are incapable of calculating such “negative externalities” because they don’t understand basic thermodynamics. I used to work in environmental remediation and am happy to talk more about this if there is interest.
Goldman Sachs would argue otherwise. There are enormous rents to extract from an energy source that’s functionally boundless. And as the capital costs plunge, investment soars.
the cost to clean it all up would dwarf the revenue.
Oh sure. Repairing the harm that the fossil fuel industry has done would require an incalculable amount of capital and labor. And there’s some stuff we’re never getting back. Millions of species driven to extinction, for instance. How do you even put a price tag on that?
Capitalist economists are incapable of calculating such “negative externalities” because they don’t understand basic thermodynamics.
Capitalist participants don’t need to calculate long term tail risks and external costs precisely because they’re external. Even the most environmentally conscious investor is only really interested in the 40 years between when they start making serious investments and they retire. C-levels who only plan to stick around for 5 years, maybe 10 years at the longest, have even less concern for the long term consequences of their decisions.
But that problem isn’t unique to capitalism. Soviet economies were also incredibly short-sighted during their early iterations. The Russians were notoriously sloppy in their industrial development. China’s only refocused on ecology in the last fifteen years (hat tip to President Xi Jinping). Cuba’s ecology is more a consequence of the embargo than their eco-socialist philosophy. Vietnam’s industrialization has carried a huge cost to the native wilderness and ocean space.
Still, a real five / twenty / fifty / one-hundred year economic plan gets you a lot farther than “How much money can we print inside the next fiscal quarter?” hyper-capitalist mentality. Government bureaucracies that seek to reproduce themselves indefinitely need to crunch the numbers on this in a way that fly-by-night businesses do not.
But if you’re just looking to industrialize green at a rapid pace, capitalist economics does the job as well as any other system.
Sure, no arguments there. I guess it’s the “green” label I take issue with. Carbon-free capitalism is definitely possible as long as there are enough critical elements to produce all of the necessary solar panels and wind turbines (and I guess fusion reactors if we’re really ambitious about printing money 🤑). I do wonder about rent collection long-term though, especially with such decentralized energy sources. Overproduction will also come sooner than everyone thinks. But I guess these are much better problems to have than imminent eco-catastrophe.
The funny thing is that you’ll have a hard time defending that the North Europe ones are governed by the property owning class… So this one is actually false. But it does apply to all countries that call themselves communist.
Anyway, it’s a very rare oddity for a country to have such a strong middle class that rich people can not reign free. Good for those few ones that managed it.
(And yeah, talk about non-sequitur on the 4rt one. It’s ridiculous. Yeah, the best way to fight climate change is by supporting a revolution lead by the OP’s favorite fascists. No explanation needed.)
The funny thing is that you’ll have a hard time defending that the North Europe ones are governed by the property owning class… So this one is actually false. But it does apply to all countries that call themselves communist.
All of the Nordic Countries are Dictatorships of the Bourgeoisie, they have seen sliding worker protections over time and increased disparity. Occasionally, Capitalists will make concessions to keep their power for longer, that’s what happened in the Nordics.
You are correct about Communist countries, they are directed by the Proletariat, who now owns the property. I doubt that’s what you were meaning, though.
Anyway, it’s a very rare oddity for a country to have such a strong middle class that rich people can not reign free. Good for those few ones that managed it.
It’s not really rare, it happened in Nazi Germany and fascist Italy. Social Democracy is not fascism, but the idea of the Middle and Upper classes collaborating, ie the petite bourgeoisie and bourgeoisie against the proletariat, is something Social Democracy shares with fascism.
(And yeah, talk about non-sequitur on the 4rt one. It’s ridiculous. Yeah, the best way to fight climate change is by supporting a revolution lead by the OP’s favorite fascists. No explanation needed.)
Can you explain how OP is supporting fascism? Is Marxism “fascist” to you? Why?
All
capitalistcountries…Fixed it for you
I’m 13 and this is deep.
Why? Capitalism cannot solve Climate Change, as it depends on the highest possible profit margins and rampant consumerism. Transitioning from a profit-focused system to fulfilling uses and needs in Socialism, where the Proletariat is in charge and can collectively agree to tackle Climate Change, is the only path forward.
This seems like you just want to be edgy and doomerist with nothing to back yourself up.
It’s definitely possible to do “Green Capitalism”, so long as the profit margins of green capital exceed dirty capital.
But Americans have huge investments in old dirty infrastructure that they want to use until it falls apart. That’s the real difficulty. How do you convince people with a $1B pipeline through the West Texas gas fields to scrape that project and build lower-profit windmills/solar farms and HVDC cable lines instead?
Our current leadership could subsidize green energy to move the market. But this would force existing businesses to build new capital rather than rent seeking on existing capital.
Compare the US to France, which has a huge legacy investment in nuclear power. They’re capitalist, too, but they aren’t in a rush to burn more fossil fuels.
Capitalism can’t do green. If you were to make an accounting of all of the environmental damage that capitalist industry has done to the ecosystem, the cost to clean it all up would dwarf the revenue. Capitalist economists are incapable of calculating such “negative externalities” because they don’t understand basic thermodynamics. I used to work in environmental remediation and am happy to talk more about this if there is interest.
Goldman Sachs would argue otherwise. There are enormous rents to extract from an energy source that’s functionally boundless. And as the capital costs plunge, investment soars.
Oh sure. Repairing the harm that the fossil fuel industry has done would require an incalculable amount of capital and labor. And there’s some stuff we’re never getting back. Millions of species driven to extinction, for instance. How do you even put a price tag on that?
Capitalist participants don’t need to calculate long term tail risks and external costs precisely because they’re external. Even the most environmentally conscious investor is only really interested in the 40 years between when they start making serious investments and they retire. C-levels who only plan to stick around for 5 years, maybe 10 years at the longest, have even less concern for the long term consequences of their decisions.
But that problem isn’t unique to capitalism. Soviet economies were also incredibly short-sighted during their early iterations. The Russians were notoriously sloppy in their industrial development. China’s only refocused on ecology in the last fifteen years (hat tip to President Xi Jinping). Cuba’s ecology is more a consequence of the embargo than their eco-socialist philosophy. Vietnam’s industrialization has carried a huge cost to the native wilderness and ocean space.
Still, a real five / twenty / fifty / one-hundred year economic plan gets you a lot farther than “How much money can we print inside the next fiscal quarter?” hyper-capitalist mentality. Government bureaucracies that seek to reproduce themselves indefinitely need to crunch the numbers on this in a way that fly-by-night businesses do not.
But if you’re just looking to industrialize green at a rapid pace, capitalist economics does the job as well as any other system.
Sure, no arguments there. I guess it’s the “green” label I take issue with. Carbon-free capitalism is definitely possible as long as there are enough critical elements to produce all of the necessary solar panels and wind turbines (and I guess fusion reactors if we’re really ambitious about printing money 🤑). I do wonder about rent collection long-term though, especially with such decentralized energy sources. Overproduction will also come sooner than everyone thinks. But I guess these are much better problems to have than imminent eco-catastrophe.
The funny thing is that you’ll have a hard time defending that the North Europe ones are governed by the property owning class… So this one is actually false. But it does apply to all countries that call themselves communist.
Anyway, it’s a very rare oddity for a country to have such a strong middle class that rich people can not reign free. Good for those few ones that managed it.
(And yeah, talk about non-sequitur on the 4rt one. It’s ridiculous. Yeah, the best way to fight climate change is by supporting a revolution lead by the OP’s favorite fascists. No explanation needed.)
All of the Nordic Countries are Dictatorships of the Bourgeoisie, they have seen sliding worker protections over time and increased disparity. Occasionally, Capitalists will make concessions to keep their power for longer, that’s what happened in the Nordics.
You are correct about Communist countries, they are directed by the Proletariat, who now owns the property. I doubt that’s what you were meaning, though.
It’s not really rare, it happened in Nazi Germany and fascist Italy. Social Democracy is not fascism, but the idea of the Middle and Upper classes collaborating, ie the petite bourgeoisie and bourgeoisie against the proletariat, is something Social Democracy shares with fascism.
Can you explain how OP is supporting fascism? Is Marxism “fascist” to you? Why?