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The capitalist solution to ‘save’ the Planet: make it an asset class & sell it — John Bellamy Foster interviewed by Lynn Fries

Summary:
John Bellamy Foster explains the capitalist ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollars worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening....Transcript. MR OnlineThe capitalist solution to ‘save’ the Planet: make it an asset class & sell itJohn Bellamy Foster, Professor of Sociology at the University of Oregon and Editor of Monthly Review, interviewed by Lynn FriesOriginally published: Global Political Economy (GPEnewsdocs) on July 8, 2022https://mronline.org/2022/07/12/the-capitalist-solution-to-save-the-planet-make-it-an-asset-class-sell-it/

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John Bellamy Foster explains the capitalist ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollars worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening....

Transcript. 

MR Online
The capitalist solution to ‘save’ the Planet: make it an asset class & sell it
John Bellamy Foster, Professor of Sociology at the University of Oregon and Editor of Monthly Review, interviewed by Lynn Fries
Originally published: Global Political Economy (GPEnewsdocs) on July 8, 2022
https://mronline.org/2022/07/12/the-capitalist-solution-to-save-the-planet-make-it-an-asset-class-sell-it/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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