The Crisis of Growth and Capital

Primary Author or Creator:
Mike Small
Publisher:
Bella Caledonia
Alternative Published Date
2023
Type of Resource:
Article
Fast Facts

"The last two IPCC reports ... have identified the economy as the problem, not the solution."

More details

"In Scotland and in Britain we are experiencing a political breakdown, a reality-induced trauma as climate crisis meets social crisis, as the ‘cost of living’ intensifies social divide and the only answer presented is ‘more of the same’ and ‘business as usual’. If you want a litmus test of where we are in battling the climate crisis, and the scale of the corporate defence of vested power, the president of the next UN climate summit to be hosted in the United Arab Emirates later this year, is Sultan Al Jaber. Al Jaber, as well as being the United Arab Emirates minister for industry and advanced technology, is better known as the chief executive of the UAE national oil company, Adnoc, one of the world’s biggest oil and gas producers. 

Growth as cognitive frame has only recently been contested. For many, probably most people, it remains synonymous with improvement, development, even civilization itself. As that assumption crumbles the implications for capital is suddenly being realised.

Faced with overwhelming evidence of ecological breakdown the political and media elites’ response is more fossil fuels and strapping themselves to the failed model of capitalism that has led us to this desperate predicament."

English