Is a ‘Green Capitalism’ Possible?

In a nutshell, the climate negotiations “are predicated on a contradiction: the task of agreeing a programme of radical global economic transformation is allocated to those – including, this year, a record 2,500 fossil fuel industry representatives – who stand to lose the most from disrupting the current economic model.

For the most influential in these negotiations – the titans of finance, energy giants, and the wealthy states who protect their interests – the solution to this dilemma is to find a way to transform the foundations of global capitalism, from energy to agriculture and from transport to industry, while preserving everything else about its social relations and overarching dynamics. Theirs is necessarily a future in which the transition to a decarbonised and ecologically sustainable economy implies no trade-off with continued growth, profit maximisation, private ownership or accumulation: in short, from fossil capitalism to a green capitalism.

For some, green capitalism is a contradiction in terms. That capitalism has unleashed ever-rising emissions and environmental exploitation is not a controversial point: the atmospheric concentration of CO2 has risen by 50 per cent since the Industrial Revolution, accelerating with exponential fervour in the postwar ‘golden age’ of capitalism. This period of ‘great acceleration’ from approximately 1950 has seen a quintupling of primary energy use and the razing of half of global forest cover. Some 70 per cent of all wildlife has been lost since 1970. An astonishing half of all fossil fuel consumption has occurred since 1990.

But key splits emerge between those who see this destruction as intrinsic to capitalism, which is therefore incompatible with a sustainable future, and those who argue that through reform of its market failures and worst tendencies – single-minded shareholder primacy, for example – capitalism can, or indeed is uniquely able, to tackle climate and ecological crisis. The urgent question then is not, ‘Have capitalist dynamics contributed to this environmental damage?’ But rather: ‘Can these dynamics be reconciled with a sustainable future?’. Is a genuinely ‘green capitalism’ possible?”

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A critique of degrowth

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The Qarmatians (Al-Qaramita)

By Nadeem Mahjoub Documentary film-makers G. Troeller and M. C. Defarge once asked a cabinet minister in South Yemen, why socialistic ideas were so readily acceptable in that part of the Arab world. He replied: “Because we have been communists for a thousand years! My mother was Qarmatian.” Official Muslim scholars and clerics, and many so-called moderates (whether individuals or groups) oppose sedition ( fitna ). Tensions and contradictions in society should be solved peacefully and even if the ruler was unjust and impious, it is generally accepted he should still be obeyed, for any kind of order is better than anarchy and sedition. “The tyranny of a sultan for a hundred years causes less damage than one year’s tyranny exercised by the subjects against one another.” Revolt was justified only against a ruler who clearly went against the command of God and His prophet.” 1 Here we look at not what happened in the minds of people who call for calm, oppose dissent and preach the re...

"If you don't attack the economic power of the elite, soon or later it will attack you." That's what the Arab uprisings, for instance, were unable/failed to do. K for Karl – Revolution (episode 3)

Cairo C. 1900-1934 The accurate translation for Arabic meaning of Cairo is "the invincible".

"A second position argues against transition, which is transitology itself. It is well known—especially among economists—as the sudden mobilization of a considerable mass of experts who are generally foreigners,generally Western, who come to preach the good word and to propose ready-made models of democracy. The science of the transition has become a financial windfall, a market. And the word transition has of course become a reflex of language, a term of reference, a call for tenders ( appel d’offres ) to which the whole society was supposed to respond. Consequently, the reticence that one can express is the following: our history is framed, transition is a heteronomy. Every democratic revolution is henceforth supposed to take a unique, imposed path, which is, at the same time, indistinctly democratic and liberal (or neoliberal). A more or less non-“negotiable” package. It is necessary to highlight the imposed character (and imposed from the outside) of this coming to t...

"In the same way that Robinson [Crusoe] was able to obtain a sword, we can just as well suppose that [Man] Friday might appear one fine morning with a loaded revolver in his hand, and from then on the whole relationship of violence is reversed: Man Friday gives the orders and Crusoe is obliged to work. . . . Thus, the revolver triumphs over the sword, and even the most childish believer in axioms will doubtless form the conclusion that violence is not a simple act of will, but needs for its realization certain very concrete preliminary conditions, and in particular the implements of violence; and the more highly developed of these implements will carry the day against primitive ones. Moreover, the very fact of the ability to produce such weapons signifies that the producer of highly developed weapons, in everyday speech the arms manufacturer, triumphs over the producer of primitive weapons. To put it briefly, the triumph of violence depends upon the production of a...

"Egypt is no longer the heart of the Arab world"

Putting a Racist in Their Place

UK

"We are all in it together" A letter from a doctor to Boris Johnson published a few months ago: ' Johnson has contributed to thousands of deaths ' Related 'The greatest global science failure for a generation' 'Herd immunity' or lockdown

US

Written in June: The candidate who emerged from this jumble of discontent was the man who promised to do the least. His party is now preparing to give us a national election that will be little more than a referendum on the hated Donald Trump. Finally we have a climate in which the American public would unquestionably choose dramatic change were it offered to them, and the party of change has contrived to ensure that it will not be offered. Instead our choice is between two elderly and conservative white men, both with a history of stretching the truth, both with sexual harassment accusations hanging over them, and neither representing any possibility of energetic democratic reform. The old order has been miraculously rescued once again. Such is the climate of opinion in America that, with the right leader, remarkable things would be possible. Instead we are presented with Joe Biden, an affable DC veteran with a hand in many of the defining disasters of the last 30 years: worker-c...

Against Authoritarianism and Neoliberalism in Venezuela

“The current confrontation in Venezuela today is not between left and right.” “We are witnessing the transition from a government with authoritarian tendencies to a dictatorial regime.” “This is not a government ‘backed’ by the military, but, as Maduro himself has said, the government is led by a ‘civilian-military-police alliance’. “Those who continue to support Maduro, including parties and movements of the Sao Paulo Forum or the spokespersons of Podemos in Spain, are causing severe damage to the left in the region and the world. They are damaging anti-capitalist struggles in the broadest sense.” The US embargo is ‘in violation of international law’. This is a useless statement repeated a million times, and it has come back again during the ongoing Israel’s genocidal war. “[A]fter the failure of the current, self-defined “socialist” governments, Venezuelan society tends to associate any reference to socialism or the left with the corruption and authoritarianism of the Maduro governme...

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