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Doesn’t the growing climate emergency show that capitalism doesn’t work for the benefit of mankind? Yes and no..! In this episode we show that climate change is brought about by capitalism being too good at its job, and also utterly failing to be sustainable. It is the ultimate market failure – the kind of problem that capitalism, and democracy, is just not good at tackling.
By Post Crisis EconomicsDoesn’t the growing climate emergency show that capitalism doesn’t work for the benefit of mankind? Yes and no..! In this episode we show that climate change is brought about by capitalism being too good at its job, and also utterly failing to be sustainable. It is the ultimate market failure – the kind of problem that capitalism, and democracy, is just not good at tackling.