On March 21, 2014, Dennis Trainor writes on OpEd News:
What comes after Capitalism? Identifying the correct answer to that question, one I do not pretend to know, in addition to facing the fact that the question is a life or death one- on a global scale, is a basic requirement for the life, liberty, and happiness of the human race.
The financial system is nearing another crash, like the sub-prime mortgage crash of 2007 and 2008, writes Steve Rushton at Occupy.com in his report summarizing a recently published European Green Party paper, The Price of Doing Too Little Too Late.
Rushton outlines how investors, pension funds and banks are so heavily invested in companies that earn money by destroying the planet that when the actual wake-up call comes, when the alarm clock goes off and the climate change deniers and their corporate blood sucking psychopaths who pay for the propaganda that enables climate change deniers to pretend that there is still a debate to be had over the Apocalyptic course that human induced climate change has us on– when those people and those beliefs that together want to extract fossil fuel reserves when we KNOW that if the human race is to survive we must leave at least half of current fossil fuel reserves in the ground if not three quarters- when, all the Sean Hannity’s, and Sarah Palin’s and Sen. James Inhofe of Oklahoma — he who, parenthetically it should be noted, likes to quote quotes Genesis 8:22 (While the earth remains, seedtime and harvest, cold and heat, summer and winter, day and night, shall not cease”) and added, “God’s still up there. The arrogance of people to think that we human beings would be able to change what He is doing in the climate is to me outrageous” — when Tomorrow or tomorrow or tomorrow all these aiding and abetting murders meet the fate of all our yesterdays that have lighted fools the way to dusty death and we wake collectively from our slumber brought on by the gears and the levers that operate the odious machine and we become so sick that we can not take part, even passively take part, and we come together like old flattop grooving up slowly to indicate to the people who own this capitalist machine that unless we are free, this machine will be prevented from working at all and we transition on a massive global shift towards more sustainable energy practices occurs, that funds with heavy carbon exposure- and that number is 95% of all global investment according to the study- will face a shock, that in fact, the carbon bubble will burst and bring own the global financial system.
Ok, that may have been a run on sentence.
To sum up: The economy will crash again, according to Rushton, because we are so addicted to constant growth, and quarterly capitalism that the global financial elite will march us to the edge of the 2 degree climate cliff just to squeeze some more profit from the products and systems that are killing us.
So add one more obstacle to slow the glacial pace (and I mean that in the pre-climate change era of the word) of a coordinated global effort to get the human race untied from the train tracks before the locomotive that is a 2 degree rise in global temperature: our inability to ditch the written and unwritten rules of capitalism.
Put that in your feedback loop and smoke it.
This article is based on the presumption that continuing the suicidal mechanisms of “prosperity in the “consumer economy,” the planet will thoroughly be destroyed.
What comes next should be “universal capitalism” (not the greed “capitalism” we experience today). There are numerous actionable policies that will dramatically impact the market economy and strengthen the middle class in a positive way, while expanding the base of private capital ownership and thus strengthening the way consumers make the money to purchase the products and services made possible by the new capital formation. The result will be to expand production and bring more wealth to the economy, which will provide not only growth in expanded ownership of productive capital but also in expanded employment opportunities as the economy revs up to meet expanded consumer demand. Furthermore, the more broadly real capital is acquired by individuals throughout our society with the earnings of capital, the more we will profitably employ unused capacity and promote economic growth. With greater earnings from financed capital investment, people will be able to support and pay for products resulting from “greener” technologies that today people cannot afford. Such policies are perfectly in tune with the natural incentive of business corporations to broaden ownership so that the market for their products will increase. Such policies will liberate the economy.
