Climate Change and Capitalism Debate
Climate Change and Capitalism Debate
Be it resolved, ending climate change requires the end of capitalism as we know it.
The UN deadline of achieving net zero global emissions by 2050 is becoming an increasingly unrealistic goal as many countries fail to impose drastic measures to combat rising emissions. Some believe that capitalism is to blame: perpetual economic growth requires an increase in production, consumption and fossil fuel use. In order to prevent a climate change disaster, free market capitalism must give way to a new eco-fiscal reality that privileges the planet over profits. Defenders of capitalism think the opposite is true: while capitalism has contributed to climate change, it is also uniquely positioned to solve it. By harnessing the dynamism of the market through the pursuit of profit, corporations and individuals will create new technologies and the social change needed to avert the climate crisis and build a sustainable future.
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