📉No Way Out: The Liberal Illusion of Capitalism
There is no hope that capitalism can be constrained from destroying civilisation.
This article on a recent JP Morgan report makes clear why there is no hope for the liberal illusion that capitalism can be constrained from destroying civilisation.
Malcolm Moore
The pathological corporate class thinks that in order to provide “higher living standards” there will be no foreseeable reduction in fossil fuel use even after 2030. And if the government tries to go too fast then they will create “social unrest”. The idea of stopping investing in oil and gas would be “the road to hell for America”.
The statistics support the realist Right-wing position - rather than that of wishful-thinking liberals. Emissions continue to rise and the backlash on “climate policies” is evident everywhere - the farmer's protests, Labour and the Scottish government abandoning climate commitments, and oil companies' backtracking on decarbonisation. There is overwhelming evidence that contemporary international capitalism cannot be brought to heel by reformist liberal politics. It cannot. The realists are right.
Except of course the “realists” are subject to the greatest delusion of all - that physics is subject to economics. What they literally cannot see is that the “climate crisis” will create the greatest fiscal crisis of the state - meaning “social unrest” leading to “hell”. There is no way out. There can be no stability at 2C plus and there is no way to stop passing 2C within the present carbon political regime.
Nothing unusual there. All regimes collapse because they get to a point where whatever they do they are doomed. It's called history.
What comes after the collapse? That is the question. Fascism or Democratic Revolution.
The public didn't ask for inequality, genocide in Gaza, or climate collapse. That's why we're hosting ‘Time to Assemble" on 12th May in Birmingham.
Come to learn about about a new model of democracy delivered by independent candidates.
I've got two focuses:
- Revolution - Building social formations to create revolution and guide moments of social disruption.
- A Balanced Society - Building the new civilisation, based on a new balance of deliberative democracy, compassion, and limited consumption.
Want to join me? Sign up my monthly Zoom call. (More info here)
Sign up for nonviolent civil resistance with Just Stop Oil in the UK or via the A22 Network internationally. Alternatively, you can now join new democratic revolution project like Humanity, which is aiming to build a new national assembly with deliberative democracy and Assemble, which is going to use local assemblies to set up local candidates in the 2024 election.
For more on the need for democratic revolution, check out Clare Farrell's latest article.
Clare Farrell
