Tag: Rent

In Capitalism and Climate Collapse, I argued that catastrophic climate collapse cannot be avoided under capitalism because capitalism requires economic growth, economic growth requires energy growth, energy growth requires extensive burning of fossil fuels, and extensive burning of fossil fuels causes catastrophic climate collapse. To avoid collapse, we need to shrink the economy – that is, degrowth – to a sustainable level with respect to energy requirements, and then switch to a steady state economy to stay at that level. What exactly that sustainable level is is debatable, but regardless of whether it’s closer to one third of current closer...