So what is the antidote to capitalism? Economic democracy. With democratic control over our productive capacities we can stop climate breakdown in short order.
jasonhickel.substack.com/p/cli…
#capitalism #socialism #climatecrisis
Climate socialism
I am writing this message to the millions of people who have been involved in the climate movement over the past several years.Jason Hickel
1.Thought
in reply to Yogthos • • •1.Thought
in reply to Yogthos • • •For ages, economists told us that once renewables became cheaper than fossil fuels, the transition would occur automatically. But it’s not happening. Why? Because while renewables are cheaper than fossil fuels, fossil fuels are around 3 times more profitable. This is because renewables have a low barrier to entry and are highly competitive (which is great for low prices!), while fossil fuels are more conducive to market control and monopoly pricing.
Yogthos
in reply to 1.Thought • • •