John Bellamy Foster

Capital in the Anthropocene

Marxist economist Michael Roberts reviews Kohei Saito's forthcoming book.

In the US, the young new socialist Congressperson Alexandria Ocasio-Cortez has made a splash by setting out concrete plans for a “Green New Deal” to transition away from fossil fuels to a 100% renewable, zero-emissions economy within 10 years.

John Bellamy Foster is editor of Marxist journal Monthly Review, whose books include Marx’s Ecology (2002) and The Ecological Revolution (2009). He spoke to Fiona Ferguson, a Belfast-based activist in People Before Profit. The interview below is posted the Irish socialist website REBEL.

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It’s wrong to think that we can campaign to stop climate change in the same way we might campaign to end a war. All the evidence says we are well past that stage now. That is, even if by some impossible, magical course of events all carbon pollution on Earth was stopped tomorrow, we’d still be in really, really deep trouble. So many greenhouse gases have been pumped into the Earth’s atmosphere that we have rushed far past the safe upper limit — the famous 350 parts per million of CO2, the number that climate action group 350.org took for its name.
Do oil spills make good economic sense? A witness called by Canadian firm Enbridge Inc— which wants approval to build a $6.5 billion pipeline linking Alberta’s tar sands with the Pacific coast — told a recent hearing in British Columbia that the answer is yes.
In recent debates around solutions to the climate crisis, several ideas hold the largest share of government support and media coverage. These include: green consumerism, carbon offsetting, carbon taxes, carbon trading, geo-engineering and carbon capture and storage. But do these “solutions” take, as their frame of reference, the full extent of the problem? Here are some reasons to be doubtful. Green consumerism is one variation of the argument whereby “your dollar is your vote”.
John Bellamy Foster, the keynote speaker at the upcoming World At A Crossroads: Climate Change Social Change conference — to be held in Melbourne from September 30 to October 3 — is the co-author (with Fred Magdoff) of a newly published book: What Every Environmentalist Needs to Know About Capitalism.
It can sometimes feel like we’re losing a race against time to avoid environmental catastrophe and social collapse. Climate change is already extinguishing species, destroying essential food production and forcing thousands of people to flee their island homes. People are directly affected by more wars than ever before in history. While the underlying causes of the recent global financial crisis remain, governments are imposing vicious austerity policies on the majority of people in the Global North and South to pay for the capitalists’ greed.