The Dual Nature of Capitalism: Examining its Role in Climate Change and Solutions
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In an article titled 'Making the Case for Capitalism' by an unknown author in The New York Times, the relationship between capitalism and climate change is explored from a different perspective. The article argues that while capitalism has contributed to the climate crisis, it also has the potential to deliver long-term changes to benefit the climate.
The article highlights how short-term profit incentives, driven by the stock market, corporate governance, and executive compensation, often prioritize quarterly performance over long-term solutions for global warming. However, the author presents evidence that suggests capitalism can tackle the climate problem while still delivering profits.
Akshat Rathi, a Bloomberg News climate reporter, supports this argument with reported stories from ...
#newstr #Capitalism #ClimateChange #KarlMarx #DegrowthCommunism #Ecosocialism #SurplusValue #GreenNewDeal #WorkingClass