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Capitalism is Incompatible With Survival
The industrialized nations have to start cutting their emissions by about 8 to 10 percent per year, which is incompatible with capitalism. You cannot reconcile that level of emission reduction with an economic system that needs continual growth.~ Naomi Klein (1970-05-08 age:47)
I heard Bob Rae, the former leader of the Ontario NDP (New Democratic Party) argue this point with Jeremy Rifkin on the CBC (Canadian Broadcasting Corporation) Ideas program. Rae argued that Canadians believe it is unthinkable to attempt to deal with climate change except with the type of capitalism we currently have in Canada and the USA. He argued essentially that Canadians would sooner destroy the world than modify its rapacious economic system. This sounds like the kind of insanity you hear from religious fanatics. It was not clear if he was horrified by this or if he thought that way too.
Earth Expected To Fry
The accounting giant PricewaterhouseCoopers has published a report warning businesses that we are headed for a 4.0°C (7.2°F) or even a 6.0°C (10.8°F) [global temperature rise].~ Naomi Klein (1970-05-08 age:47) This Changes Everything: Capitalism vs. the Climate
To put that in perspective, since the start of the industrial revolution, up to now, we have had a 0.18°C (0.32°F) rise.
Indeed, the only thing rising faster than our emissions is the output of words pledging to lower them.~ Naomi Klein (1970-05-08 age:47) This Changes Everything: Capitalism vs. the Climate
Its an Ill Wind…
Superstorm Sandy has been a windfall for New Jersey real estate developers who have received millions for new construction in lightly damaged areas, while it continues to be a nightmare for those living in hard-hit public housing, much as the aftermath of Hurricane Katrina played out in New Orleans.~ Naomi Klein (1970-05-08 age:47) This Changes Everything: Capitalism vs. the Climate
There is a booming trade in weather futures allowing companies and banks to gamble on changes in the weather as if deadly disasters were a game on a Las Vegas craps table (between 2005 and 2006 the weather derivatives market jumped nearly fivefold from $9.7 billion to $48.2 billion.)~ Naomi Klein (1970-05-08 age:47) This Changes Everything: Capitalism vs. the Climate
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