Maybe capitalism needs to suck it up and pull itself up by its bootstraps instead of needing subsidized fossil fuels. /s
They say that like it’s a bad thing.
You don’t need to end capitalism to help the climate.
Just properly regulate it. It’s a tool just like every other economic system, and shouldn’t be hoisted to a higher pedestal. Every system that fails fails because regulation falls off the wayside and leads into corruption. Capitalism’s only strength is it took longer to get there because all the power was spread out for awhile.
That’s a pretty shallow take on historic economics.
Capitalism had a role to serve as the transition out of feudal economics.
Now it’s time to do better.
Better as in what though?
We’ve used every economic system by itself, and the only really successful version is a combination of them with proper regulation. What else do you do?
Well there was a guy with a funny beard who wrote about what happens when capitalism produces more goods and services than could ever be reasonably consumed by the populace of the world. He wrote about how there were basically 2 coutcomes. Either the the rising supply just keeps pushing prices down until the only issue comes down to a logistics and distribution problem and money functionally becomes pointless and state power doesnt have any heirarchy to enforce. Or the people with money and power enforce artificial scarcity, through tactics like letting crops die in the fields, or only release so many diamonds into the market and promiting it as a good thing, to protect their wealth and power.
