ISC Reasearch Paper: Why Capitalism Can’t Fix Global Warming
A hundred thousand bats fell from the sky when a heat wave struck Australia. In the opposite hemisphere, a polar vortex drove temperatures across the United States to record lows. Last year, a few days before the COP 19 negotiations, a supercharged Typhoon Haiyan killed 6,000 people in the Philippines with thousands still missing. Even as greenhouse gas (GHG) levels near a point of no return where climate disasters will become more frequent and reach even more catastrophic levels, the countries that are responsible do nothing and refuse to take responsibility. Around the world, corporations market green capitalism as the solution. Many in the environmental movement reluctantly agree with using the market to reduce GHG. Yet, capitalism cannot fix global warming because global warming is not a problem of bad policies; rather, it is a direct consequence of capitalism’s fundamental driving forces.
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