By John Bellamy Foster, Fred Magdoff
Praise for Foster and Magdoff’s The nice monetary Crisis: during this well timed and thorough research of the present monetary trouble, Foster and Magdoff discover its roots and the unconventional adjustments that will be undertaken in reaction. . . . This ebook makes a useful contribution to the continued exam of our present debt drawback, person who merits our complete attention.—Publishers Weekly
There is a growing to be consensus that the planet is heading towards environmental disaster: weather switch, ocean acidification, ozone depletion, worldwide 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 circulation 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 publication is a sharply argued manifesto for these environmentalists who reject schemes of “green capitalism” or piecemeal reform. Environmental and financial students Magdoff and Foster contend that the fight to opposite ecological degradation calls for a company take hold of of monetary truth. Going additional, they argue that efforts to reform capitalism alongside environmental strains 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 procedure itself, and people in power—no topic how “green”—are incapable of creating the adjustments which are necessary.
What each Environmentalist must find out about Capitalism tackles the 2 biggest problems with our time, the ecological difficulty and the faltering capitalist economic climate, in a fashion that's thorough, obtainable, and certain to impress debate within the environmental movement.
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Extra resources for What Every Environmentalist Needs to Know About Capitalism
Example text
S. ”7 The question is, what does not doing business as usual mean? Some environmentalists feel that it is possible to solve most of our problems by tinkering with our economic system, introducing greater energy efficiency, and substituting “green” energy sources for fossil fuels 30 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 K N O W or coming up with technologies to ameliorate the problems (such as using carbon capture from power plants and injecting it deep into the earth). Within the environmental movement, however, there are some for whom it is clear that mere economic tinkering and technical adjustments will not be enough to solve the dramatic and potentially catastrophic problems we face.
It’s in an economically attractive category with a margin structure that will be highly accretive to Clorox. ” Such mergers and acquisitions, through which small, innovative, and socially concerned companies are bought out in the end by large corporations that respond only to the demands of their owners for higher profits, enhanced stockholder equity, and increased firm size are the rule in today’s capitalist economy. 13 Monopoly and Competition The end result of competition between firms, which leads to the concentration and centralization of production both nationally and internationally, is that a relatively small number of firms end up controlling large segments of the market in mature industries and are able to exert near-monopoly control.
6 The Meaning of Business as Usual It is clear that we need to change course and do so drastically and quickly. S. ”7 The question is, what does not doing business as usual mean? Some environmentalists feel that it is possible to solve most of our problems by tinkering with our economic system, introducing greater energy efficiency, and substituting “green” energy sources for fossil fuels 30 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 K N O W or coming up with technologies to ameliorate the problems (such as using carbon capture from power plants and injecting it deep into the earth).