Author: Saul Zimet

Capitalism or the Climate?

Can environmentalism and capitalism sustainably coexist? An influential movement of climate activists view capitalism and environmentalism as antithetical. According to the title of an article in the Guardian, “Ending Climate Change Requires the End of Capitalism.” An article in Foreign Policy, meanwhile, is subtitled, “New data proves you can support capitalism or the environment—but it’s hard to do both.” And in her bestselling book This Changes Everything: Capitalism vs. the Climate, Naomi Klein writes, “By posing climate change as a battle between capitalism and the planet, I am not saying anything that we don’t already know.” These are just a few of countless prominent examples. This view dwells not just in newsrooms, but in the halls of government as well. US Representative Alexandria Ocasio-Cortez, author of the 2019 Green New Deal resolution and surrogate to Bernie Sanders in the 2020 democratic primary, told a 2019 SXSW audience, “Capitalism, to me, is an ideology of capital. The most important thing is the concentration of capital, and it means that we seek and prioritize profit and the …