Environmental Policy

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By Fred Magdoff

Praise for Foster and Magdoff’s The nice monetary Crisis: during this well timed and thorough research of the present monetary problem, Foster and Magdoff discover its roots and the unconventional alterations that would be undertaken in reaction. . . . This publication makes a beneficial contribution to the continuing exam of our present debt situation, one who merits our complete attention.—Publishers Weekly

There is a growing to be consensus that the planet is heading towards environmental disaster: weather swap, ocean acidification, ozone depletion, international freshwater use, lack of biodiversity, and chemical pollutants all threaten our destiny except we act. what's much less transparent is how humanity may still reply. The modern environmental circulate is the location of many competing plans and prescriptions, and composed of a various set of actors, from militant activists to company leader executives.

This brief, readable booklet is a sharply argued manifesto for these environmentalists who reject schemes of “green capitalism” or piecemeal reform. Environmental and fiscal students Magdoff and Foster contend that the fight to opposite ecological degradation calls for a company grab of financial fact. Going extra, they argue that efforts to reform capitalism alongside environmental traces or count exclusively on new know-how to circumvent disaster misses the purpose. the most reason behind the looming environmental catastrophe is the riding good judgment of the process itself, and people in power—no topic how “green”—are incapable of creating the alterations which are necessary.

What each Environmentalist must find out about Capitalism tackles the 2 biggest problems with our time, the ecological situation and the faltering capitalist financial system, in a manner that's thorough, obtainable, and likely to impress debate within the environmental movement.

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2. Capitalism. three. Environmentalism—Economic points. four. Environmentalism—Political features. five. Environmental coverage. I. Foster, John Bellamy. II. name. HC79. E5M329 2011 330. 12'2—dc23 2011021515 per month assessment Press 146 West twenty ninth highway, Suite 6W long island, ny 10001 www. monthlyreview. org www. MRzine. org five four three 2 1 Contents Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 1. The Planetary Ecological situation . . . . . . . . . . . . . . . . . . . . . . eleven 2. enterprise as ordinary: the line to Planetary Destruction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 three. the expansion vital of Capitalism . . . . . . . . . . . . . . . . . . . 37 four. the surroundings and Capitalism . . . . . . . . . . . . . . . . . . . . . . . sixty one five. Can Capitalism cross eco-friendly? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ninety five 6. An Ecological Revolution isn't just Possible—It’s crucial . . . . . . . . . . . . . . . . . . . . . 123 Appendix: Peoples’ contract (Pueblos Acuerdos): international Peoples’ convention on weather swap . . . . . . . . . . . . a hundred forty five Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179 This web page deliberately left clean Preface Wealth, if limits aren't set for it, is excellent poverty. —EPICURUS 1 Ecological economist Herman Daly is celebrated for emphasizing what he has referred to as the “Impossibility Theorem” of limitless financial development in a constrained atmosphere. positioned concretely, an extension of a U. S. -style excessive intake financial system to the full international of seven billion people—much much less the nine billion-plus global inhabitants projected for the center of the current century—is a flat impossibility. 2 during this ebook we're eager about extending Daly’s Impossibility Theorem through introducing what we regard to be its most crucial corollary: the continuation for any size of time of capitalism, as a grow-or-die procedure devoted to limitless capital accumulation, is itself a flat impossibility. we're consistently being informed by means of the vested interests—and even via self-designated environmentalists and environmental organizations—that capitalism deals the answer to the environmental challenge: as though the additional progress of capital markets, eco-friendly intake, and new expertise supply us with extraordinary methods out of our worldwide ecological quandary. Such perspectives are 8 W H A T E V E R Y E N V I R O N M E N TA L I S T N E E D S T O ok N O W rooted in an absolute denial of fact, or what John Kenneth Galbraith has known as a method of “innocent fraud. ”3 during this makebelieve, throughout the having a look Glass global, the wondrous workings of markets, might be tweaked right here or there through laws and incentives, make miracles attainable. within the strategy, the legislation of physics, chemistry, biology, and ecology—as good because the limits of the earth—are easily conjured away. primary adjustments in our mode of life and our way of life aren't required: one other international isn't worthwhile. All of this increases questions on what constitutes environmentalism. this present day, extra humans than ever are confident that the degradation of the earth’s existence aid platforms is best us towards disaster. whether or not they are environmental activists or now not, transforming into numbers of individuals are fascinated about the surroundings and are taking small steps, and keen to do even more, to be able to guard the planet.

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