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Capitalist priority to growth and profits over people and planet

Summary:
From Richard Smith Given this unprecedented existential crisis one might expect governments would responsibly meet this climate emergency with emergency plans to prevent ecological collapse bold proposals for “deep emissions reductions in all sectors,” for “far-reaching transitions in energy, land, infrastructure, and manufacturing” and so on. After all, the 2018 IPCC 1.5°C report makes clear that on present trends we could be facing the collapse of agriculture in California, the Great Plains, India, China much of Africa, mass famine, submerging cities, destruction of the world’s last forests and worse, possibly as soon as 2040, well within the lifetimes of many leaders today and certainly their children’s and ours.  . . . . . . . . . . . . . . . . Yet we hear no bold proposals to meet

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from Richard Smith

Given this unprecedented existential crisis one might expect governments would responsibly meet this climate emergency with emergency plans to prevent ecological collapse bold proposals for “deep emissions reductions in all sectors,” for “far-reaching transitions in energy, land, infrastructure, and manufacturing” and so on. After all, the 2018 IPCC 1.5°C report makes clear that on present trends we could be facing the collapse of agriculture in California, the Great Plains, India, China much of Africa, mass famine, submerging cities, destruction of the world’s last forests and worse, possibly as soon as 2040, well within the lifetimes of many leaders today and certainly their children’s and ours.  . . . . . . . . . . . . . . . .

Yet we hear no bold proposals to meet the challenge from any governments – not from European socialist parties, not from Canadians or Australians (the leading exporters of the world’s dirtiest fuels), certainly not from the Chinese (the world’s largest polluters who, moreover, are now abandoning the limits on coal-burning they just imposed last year in order to restore growth in the face of the trade war),[1] let alone from the Trump administration. Trump’s response to his own government’s prediction of a 4°C warming by 2100 is “the planet’s fate is sealed” so we may as well abandon Obama’s federal fuel-economy standards for cars and light trucks and “burn baby burn”. To the extent we hear any proposals at all, it’s just renewed calls for more of the same carbon taxes, the same fantasy tech fixes like carbon capture and storage that have manifestly failed to staunch emissions to date.  Why is that?

The reason why no government dares take the obvious steps to save the humans is because no one has come up with a magic fix to suppress emissions without suppressing economic growth and profits. Given capitalism, economic growth and profit maximization must be systematically prioritized over all other considerations including emissions reduction or companies will fail, the economy will collapse, and mass unemployment will be the result: global warming may kill us in the long run but economic collapse will kill us in the short run. This is the ultimate contradiction of capitalism: We have to destroy our children’s tomorrows to hang onto our jobs today.

hat’s why from the very first climate negotiations around the Kyoto Protocol in the 1990s, all efforts to contain emissions have been subordinated to maintaining economic growth. Year after year, decade after decade, for 21 straight years to COP21 at Paris in 2015, UNFCC annual summit negotiations invariably collapsed in failure and acrimony. Despite the pleas of climate scientists, desperate submerging Pacific islanders, Africans, Indians and others who contribute few emissions but suffer disproportionately from global warming-induced drought and crop failures, no industrial nation has been willing to accept binding emissions limits because they all understand that caps would suppress economic growth. As George Bush Sr. infamously told the 1992 Climate summit, “The American way of life is not negotiable.” And if America will not accept binding emissions caps, why should China? Facing growing protests over their do-nothing annual summits, the only thing negotiators at Paris could agree on was to stop holding their embarrassing annual farces (henceforth they agreed to meet every five years instead) and contrive another “agreement” in which industrial countries pledged to reduce their emissions somewhat some day but are under no legal obligation to do so –prompting James Hansen, the world’s foremost climate scientist, to complain that:

“It’s a fraud really, a fake. It’s just bullshit for them to say: ‘We’ll have a 2°C warming target and then try to do a little better every five years’. It’s just worthless words. There is no action, just promises. As long as fossil fuels appear to be the cheapest fuels out there, they will continue to be burned.”

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