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The fact that the now dominant capitalist economic system is unsustainable is not in doubt. It has contributed to the breaching of several ecological boundaries, in relation to climate change, biodiversity loss and nutrient enrichment. At the same time as damaging the natural systems that sustain it, capitalism is also leading to increasing inequality, in turn creating social tensions that make it still more exposed.
It’s not capitalism versus the environment, it’s people versus the environment. We have the power to use capitalism to our advantage – to favor corporate social responsibility, enforce sustainable programs and policies, etc. So, let’s stop blaming the structures we ourselves created and instead create something that works for everyone in today’s world and tomorrow’s.
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