Put away your ‘cap solves the environment’ cards — Empirically, capitalism hasn’t and can’t get the job done…
“The results are in: No amount of “green capitalism” will be able to ensure the profound changes we must urgently make to prevent the collapse of civilization from the catastrophic impacts of global warming.
The following is an updated version of an article that originally was published in the Real-World Economics Review. We consider Richard Smith’s article foundational to understanding the world we live in. Given its length, several sittings or a printout may be required to complete reading.
The article can be found here.“