Tag: Economic Growth

Climate ChangeEconomics

Capitalism and Climate Collapse

The claims that capitalism is the cause of climate change and that catastrophic climate collapse cannot be avoided under capitalism are as obvious to some people as they are nonsensical to others, but really they are neither. They are probably true, which implies that they are not nonsensical, but their (probable) truth is not obvious. They are not obvious, because these claims depend on four other claims that are themselves non-obvious: (1) capitalism requires economic growth; (2) economic growth requires energy growth; (3) energy growth requires extensive use of fossil fuels; and (4) extensive use of fossil fuels causes climate...
Economics

Greece, Europe, and the Hegemony of Psychopathy

Question: Why can’t Greece repay its debts? Answer: Because its economy is in shambles. Question: Why is its economy so bad? Answer: Because the EU destroyed it. That’s the short answer. It’s not the answer you’ll read in most newspapers or hear on the TV – those will tell you that it’s all the Greeks’ own fault. Their incompetent politicians and low productivity are too blame, they’ll tell you, or something similar. While it is undoubtedly true that Greece – like most other countries, by the way – has had its share of incompetent politicians, the story the mainstream press...