Look at the conclusions of this new study by the economist Minqi Li:
"To limit global warming to 2C, the OECD and China must reorganize their economies to operate with zero or negative growth. This cannot be achieved under a capitalist economic system." jwsr.pitt.edu/ojs/jwsr/artic…
"To limit global warming to 2C, the OECD and China must reorganize their economies to operate with zero or negative growth. This cannot be achieved under a capitalist economic system." jwsr.pitt.edu/ojs/jwsr/artic…
"Emissions budgets consistent with 2C remain incompatible with continuing economic growth in some regions. Degrowth is a necessary condition for climate stabilization. Neither capitalism nor market socialism is likely to deliver this outcome."
This analysis implies that the climate movement must ultimately seek collective democratic control over economic surplus, so that it can be invested not in accumulation and expansion but rather toward achieving ecological and social objectives.
