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Capitalism won't change. It has no reason to; those changes don't affect the underlying processes of the economy, they just change the circumstances and incenti
by JCzynski 9y ago
Capitalism won't change. It has no reason to; those changes don't affect the underlying processes of the economy, they just change the circumstances and incentives.
- auserperson 9y agoIt has to change enough to the point we call it something else. It's agreed by most analysis of Earth System Science that we are going to need to "grow less" from a capitalist/contemporary economics perspective. Our view of production right now is the same since the industrial revolution. So yeah, if we are going to keep on something close to the capitalist framework, it is not enough to change circumstances but the framework and its view of progress itself. So call it what you want, but we need a fundamental change in our economic system to survive climate change without killing half the world population.