Surviving Capitalism (Not) : Capitalism & Climate Change – Part II [of ?]: The Externality Problem

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Saturday, June 28, 2014

Capitalism & Climate Change – Part II [of ?]: The Externality Problem

Click here to access article by Alyssa Rohricht from her blog Black Cat Revolution. (Part 1 is here)

A discussion of the capitalist economic system would not be complete without an examination of the issue of externalities incurred within it. An externality is a cost or benefit that is thrust upon a group that did not choose or cause it. Externalities are a natural byproduct of a capitalist, free market system and are a major factor when considering the causes of global climate change. These externalities would include such things as industrial manufacturing causing extreme air pollution, which effects human and non-human life, water pollution caused by the runoff of chemicals in industrial farming practices, massive over-fishing that depletes the fish stock for small communities and individual families, a high unemployment rate and extreme income disparities, and so on.