The External Costs of Human Activity Are Killing the Planet

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Paul Craig Roberts



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[dropcap]H[/dropcap]umans are exterminating themselves by exterminating other life forms. As a person committed to free thought, I sometimes catch myself wondering if what is really needed is a form of Borg Star Trek mind control to stop us from destroying the planet for the sake of profits for the few.

External costs are neglected by economists, and the unintended consequences of laws and political decisions—indeed, any decision, even those that seem highly rational—can be surprising. I am convinced that the external costs of capitalist production exceed the profits and in instances exceed the value of the output. The most carefully considered law and the most carefully planned corporate undertaking can result in disastrous consequences. Essentially, when humans make decisions, they seldom have any idea of what they are doing.


Ignorant and selfish traditions, combined with poverty and a lack of government interest in the issue, are dooming animals like the rhinoceros, one of the truly magnificent mega mammals on our planet. (1)


The situation worsens when a financialized, jobs offshored economy multiplied by other economies doing the same thing finds that it is more profitable for public corporations to buy back their own stock, even indebting the corporations for the purpose of decapitalizing the corporations, than to invest in new plant, equipment, and labor. Buy-backs are the main use of corporate investment today in the US. In recent years, the entirety of corporate profits and borrowing has been used for stock buy-backs, which reward executives and shareholders. Central banks in Japan and the European Union now support equity prices by stock purchases. The Japanese central bank is the largest holder of Exchange Traded Funds (ETF). I am convinced that the Federal Reserve prevents crashes of the US stock market by purchasing S&P futures.

The loss of jobs destroys the ladders of upward mobility, thus increasing social and political instability, and the concentration of all wealth and income gains in corporate executives and shareholders skews the income distribution to that of the aristocracy and serfs in pre-modern times. The elevation of stock and bond prices from central banks injecting liquidity creates asset bubbles that are accidents waiting to happen.

As little attention as the external costs of production receives from economists, the external costs of human activity on the planet gets even less.

I was reminded of this when I received as a Christmas gift a copy of Joel Sartore’s magnificent photographs of Earth’s vanishing species. It is heartbreaking, and it makes one wonder why God gave dominion to humans who have no regard for the disastrous consequences of their actions. Consider the extinct and vanishing species of animals, insects, reptiles, birds. Why did we do this? For no other reason than a few rich people could be a bit richer. They didn’t need the money that erased animals, plants, forests, clean water, fish and marine life, birds, butterflies, bees and large numbers of insects.

Ever since Dick Cheney was US Vice President, effectively President, the Environmental Protection Agency has been an agent for mining, timber, and energy interests. Most other environmental and wildlife protections have also been set aside. National forests are being cut down, national monuments are being defaced, wolves are being slaughtered, and rare species are being poached and trophy hunted. It seems humans won’t be happy until every species is exterminated.

The private environmental organizations are now so dependent on corporate money and corporate trustees that they are largely ineffectual. They can’t effectively lobby against their corporate donors’ interests in Washington.

The Hawksbill turtle is also critically endangered, but few care or even know about it. While hundreds of thousands of media hours are dedicated to ephemeral distractions like sportscasts or celebrity gossip, vital issues remain orphans. And that's not even considering the huge lies underlying all reporting on political and social issues, the real engine behind all this insanity.

Consider the Pebble Mine. A Canadian mining company, Constantine Metal Resources, has, with US EPA approval, received a permit to begin a mining operation at the headquarters of Bristol Bay in Alaska, an American state. These waters are the place of salmon spawning and where Eagles and Grizzlies that exist on the salmon find their food. As the clothier, Orvis, makes clear in its ads, what is to be gained from the Pebble Mine is foreign company profits, 2,000 temporary jobs, and a measly 1,000 full-time jobs during operation. What is to be lost is a $1.5 billion fishing industry and the 14,000 associated jobs, 417 square miles of pristine habitat, 4 world-class fishing rivers, 60 lineal miles of prime salmon spawning habitat, and the destruction of pristine waters by 360,000 gallons of toxic effluent daily passing into the Chilkat River, bringing with it the destruction of salmon, eagle, and grizzly life along with that of 14,000 people.

This is the way capitalism makes decisions. Those who count for the life of the planet do not count. Those who count for profits are massive corporations who can lobby their will and their profits through the Congress and the regulatory agencies that are supposed to protect the environment and the life that depends on a protected environment.

When capitalism is seen in the real light of its operation and not in the romanticism that free market economics paints it, it is seen as a destructive force. The less regulated it is, the more destructive force it is. But can it be regulated? All efforts have failed. University of Chicago economist George Stigler said that all regulatory agencies become the captives of those they are supposed to regulate, and, thereby, the regulatory agencies become the agents of those they are supposed to control.

The Amazon rain forest is being destroyed by people who, in effect, are criminals destroying a world resource and only get in exchange one or two crops from the denuded land. The corrupt Brazilian government put into office by Washington to serve American interests is a party to the crime against life on earth. The same thing is happening in Indonesian forests thanks to Chinese timber corporations. Good-bye Sumatran Tiger. Good-bye native populations dependent on the forests.

In the Foreword to Santore’s Vanishing Animals Elizabeth Kolbert makes the point that humans today are the equivalent of the asteroid 66 million years ago that wiped out the dinosaurs, only we are wiping out everything, ourselves included.

When we wipe out an animal or an insect, a species’ genome is lost. In effect, we are wiping out libraries, making ourselves more ignorant.

It seems to me that the advocates of diversity could do much more good if they redirected their emphasis on replacing white people to saving the life of diversity on planet Earth. But this would require intelligence and empathy for all life, traits that are not abundant in the human population.

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PCR with feline kids.

About the Author
  Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal. Roberts’ How the Economy Was Lost is now available from CounterPunch in electronic format. His latest book is The Neoconservative Threat to World Order.

Notes
1. Rhinoceros are killed by some humans for their horns, which are bought and sold on the black market, and used by some cultures for ornaments or traditional medicine. East Asia, specifically Vietnam, is the largest market for rhino horns. By weight, rhino horns cost as much as gold on the black market. People grind up the horns and consume them, believing the dust has therapeutic properties.[2][3] The horns are made of keratin, the same type of protein that makes up hair and fingernails.[4] Both African species and the Sumatran rhinoceros have two horns, while the Indian and Javan rhinoceroshave a single horn. The IUCN Red List identifies the Black, Javan, and Sumatranrhinoceros as critically endangered.


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The Russian Peace Threat examines Russophobia, American Exceptionalism and other urgent topics






The Left is Dying Because it’s Turned Into a Bonfire of Vanities

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Umair Haque
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How the Left Gave Up on its Great, Timeless Projects for Political Correctness, Twitter Wars, and Narcissism (and That Cost it a Future)

[dropcap]I [/dropcap]read today that koalas in Australia were begging human beings for water — fleeing a burning continent. Can you imagine that level of fear and suffering? That kind of abject terror and subjection? Isn’t that, too, a kind of genocide? That’s a picture above — of a firefighter and a koala, standing side by side, watching their worlds turn to embers. It’s an aching, heartbreaking snapshot of a troubled age.

Now I’m going to say something controversial, uh oh. And yet there’s the left…obsessed with whether a movie has the right racial representation…whom to attack today for not using the right pronoun…which comic book hero is properly intersectional…which celebrity to cancel…and so forth…while the planet is on fire…animals are dying off by the billions…the global economy falls apart…half the world lives in despair and fear…and fascism wrecks what’s left of democracy. What the? How did it come to this? Wait — maybe that last paragraph drove you crazy, you think I’m mean and horrible, and you’re wondering: come to what?

Hello, this is planet earth calling. This was the worst decade for the left since the 1930s. It was routed everywhere across the globe: from America to Britain to Europe to India to Brazil and beyond. Why did the left get shattered? Because it got wrapped up in — let me put this gently — narcissistic BS: identity politics, gender pronouns, political correctness, cancel culture, and so forth. That’s going to offend some of you. So be it. I think many of you need to grow up — badly. It’s not my opinion — it’s grim reality. The left is, like I noted…losing, badly…almost everywhere.

The very mark of modern liberalism is bourgeois self-absorption, another form of malignant individualism.

It shouldn’t take a genius to see a fatal mismatch between the modern left’s childish, self-absorbed, narcissistic priorities…and the age’s desperate, terrible needs. Mommy! I need my very own comic book superhero!! Mommy!!!!! Tell me how special I am!! Meanwhile…the planet’s burning and life on it is dying off. What the?

Hello, this is planet earth calling again. Do you think those desperate, terrified koalas give a damn about your self-absorption…which pronoun you can’t live without…which celebrity’s getting cancelled on Twitter today…how intersectional Captain America is? Which one do you think is more important — your fragile ego, or anyone and anything else’s…actual existence? Hint: if the answer is you…you are still a child, my friend. You are the reason the left lost the battle for the last decade. I’m sorry to say it. You must care about something larger and worthier than yourself to have any claim whatsoever to being on the left. And none of the above — identity politics, cancel culture, comic-book leftism — is caring about anything bigger than…yourself.

The left got routed this decade because it was so self-absorbed in narcissistic nonsense — twitter warz, attack mobs, groupthink, ideological conformity, college-level extremism — that it stopped having big ideas. Without big ideas, it stopped being relevant to the world. There was nothing for it, really, to change…beyond pronouns and comic book heroes. Sure, it changed those. But who cared, really? And so the great, enduring projects of the left — genuinely expanding and improving democracy, economies, societies, civilization — stalled and went into reverse. There they are…turning to dust, while the left preens in a narcissistic bonfire of the vanities.

I can’t overstate the lesson.

The left needs to get real, now, and start mattering to the world, future, history, and the planet — or else it goes on dying. Yes, really. It’s that simple. What do I mean? The left needs epic, bold, big ideas about it’s fundamental aspirations again. I mean “big ideas” in a precise way: a) global, b) foundational, c) status-quo shattering ideas — again — to transform all of the following. The global economy. Democracy. The nation state. Personhood. The quality of life. Dignity, meaning, and purpose. The key word is “transforming.” It means “a permanent state of change.” Those are the agendas the left needs in the 21st century.

If you think about that for even a second, an alarming fact quickly becomes clear. The left has precisely zero ideas for any of those agendas right about now, on that scale. Big ideas for the next global economy, ecology, democracy, for personhood, for the nation state, for dignity and purpose….are just nonexistent. It had them, once — after World War II, before World War I, and so on. Today — it has none. That is why it is irrelevant and impotent. It literally has nothing to offer a troubled world except the mentality of an insecure teenager.

You see, the left can’t go on pretending it doesn’t need to have big ideas. Why not? It’s work isn’t even half done. We don’t have anything like a fair global economy, a reasonable distribution of resources, a just allocation of power, sane societies, a world in which everyone lives in dignity, and so forth, all the big projects of the left. What we do have, instead, are fascists on the march — and those poor koalas fleeing a burning continent — and all that’s largely because the left gave up on its work without seeing it through. What the? So how can we change all that? How do we have big ideas again?

Let me give you an example. How should the left go about reinventing democracy?

Remember those koalas? Why can’t they…vote, too? Now, that might strike you as an outlandish fiction — good, it means you’re thinking — sit with me for a moment, and let’s think about it.

What if democracy included…the animals…oceans…rivers…reefs…forests? They’re all living things, too. Their future is very much at stake, too. So why aren’t they included in “our” decision-making? Ethically, morally, it’s impossible to see why not. Future generations will regard the exclusion of the rest of the planet from what we conveniently call democracy as something very much akin to slavery. Because when we say that all those living beings and ecosystems aren’t part of democracy, that is exactly what we’re saying: they’re the precise equivalent, morally and legally, of our slaves, whom we are free to exploit and abuse and discard.

But how would we go about including the animals, oceans, rivers, reefs, and forests in democracy? It’s not that complicated, really. We give them the right to vote — by proxy, if nothing else. Now, you’re right to say that they “can’t vote.” Or can they? It’s pretty easy to imagine how any sane koala would have voted over the last few decades, isn’t it? For less emissions, and more green investment. It’s pretty easy to see how the oceans would vote, too: for less plastic and less pollution and less fishing and so on, and, again more investment in them.

In all the cases above, these parties would simply do what we tend to do: vote for our own nourishment. Probably, they’d be a lot wiser than us. I doubt the koalas would vote to destroy our cities. I doubt the oceans would object to a reasonable amount of shipping. I doubt the reefs would mind us marveling at their beauty. And so on.

If you want to get technical, we could simply convene a group of hundreds or thousands experts from all these domains — zoology, oceanography, climate science, and so forth — and put the question to them: how would their new constituencies, animals, oceans, and so forth, vote, if they could. Give it some kind of official sounding name, like the Post-Human Democracy Consensus. We could expand that, and create whole new industries and jobs, devoted to answering that question — how would these parties participate in democracy, if they could?

Legally, to make that happen, we’d need to give oceans, reefs, rivers, and animals personhood. It’s something we should have done long ago. Part of the reason that we can genocide them with shrugs and cute tweets is that they are not legal persons at all, and we are. So they enjoy no protections, rights, guarantees, or privileges. Like I said, they are the modern-day equivalent of slaves. But they shouldn’t be. To change that, to give them personhood, is again a task that would create whole new industries and jobs, this time in politics, lobbying, law, finance, and insurance.

Now. Like I said — that might all strike you as an outlandish fantasy. So what? That’s the point. So was the idea that women could vote…that black people could vote…that anyone who wasn’t a property owning white man could vote…not so long ago. And today we have something just a little bit more like a true democracy.

Sure, doing something remotely like the above will take the work of maybe a century, at least half of one. That’s the point. Sure, it will take thousands, probably millions, of people, working together. Sure, it will take furious, heated battle. Absolutely, it will require whole new mindsets and skillsets. That’s what a politics capable of changing the world is. That’s what a true vision and agenda is. That’s what the “work” of now really is.

The left has no ideas left at this level: ideas about how to reinvent democracy, the global economy, power, politics …anything…beyond pronouns and whatnot. But those are the ideas that it needs, badly, if it’s to matter ever again. Let me continue with democracy as an example.

The project of building a true democracy is far from done — and it’s about way more than who plays what comic book hero or what celebrity gets cancelled today. Those are adolescent concerns, and that’s being generous. Where does democracy really need to go? Democracy just means self-governance. And we are not granting that right or privilege to the planet and life on it. We are acting like its masters and lords — not its equals, abusing life on it like our slaves. Democratically, we have a very, very long way to go, before we can regard ourselves as having anything like a genuine global democracy — which means that every living being is regarded with respect, has dignity, and can live a self-directed life. Unless we do that, the planet just goes on…dying…and probably takes us with it.

See my point a little bit? Let me make it clearer.

How come everything I just discussed with you…reinventing democracy…isn’t one of the left’s big ideas to champion for the next century? Note, I’m not saying my idea is the right or best or only one. (And sure, there are plenty of brave and smart people working at the edges of such notions. But they are largely unknown — precisely because the left isn’t interested.) I’m saying that the left doesn’t have ideas of that scale anymore because it’s not… interested in them. It doesn’t care about them. And that’s because it’s obsessed with narcissistic BS. I want my representation in graphic novels, mommy! I want you to call me a special name today!! Me, me, me, mommy!! Children. The future demands more from you than entitled, self-absorbed narcissism. It is not just about you. It is about all of us. In the most expansive sense we can imagine. That is where any wisdom about tomorrow really begins. Remember that pic above?

Let me say it again. The left doesn’t have any big ideas left because it isn’t interested in genuinely changing the world for the better, in big and bold ways, anymore. The left doesn’t have a single idea, in fact, at remotely the scale above: a) global b) transformational c) permanent d) systemic. If you doubt that, go ahead and ask yourself if you can name one. The only one remotely close is the Green New Deal, and even that’s temporary and national, not permanent and global.

So what is the weak, feeble left of today interested in? It’s only really interested in itself. That is what identity politics really is. I am interested in me, you don’t matter. But that is not really leftism. It is the opposite. It is tribalism. It is the clan and the bloodline. Only I matter, and my position in the hierarchy within my tribe, and my tribe’s position in the hierarchy of all tribes. But those are the foundational beliefs of the right. They lead directly to bitterness, conflict, violence, selfishness, conformity, arrogance, entitlement, and a preening sense of moral superiority — all, increasingly, sins easy to see on the left, now.

It’s one of this last decade’s great ironic tragedies that the left grew mesmerized by the right’s foundational ideas — my identity is all I am, all I care about, all I hope to be!! — and still doesn’t know it. And it’s a damning indictment of the left that this kind of thinking has left it incapable of caring about the world, the future, history, humanity, or life.

Imagine all those koalas for a moment. They could care more or less about every single thing the modern left thinks is vitally important: what you “identify” as, what your pronouns are, who you date, how you dress, who you’re attacking on Twitter today for not telling you you’re the most important and special person in the world, and so forth. So too could the rivers and oceans and reefs. So too could the billions of shivering, starving kids, living in despair and ruin. So, too, could the billions living without money, water, food, sanitation, or education. “Mommy!! Me me me!!” is not the basis for a working politics now — or ever!!

The left’s concerns stopped mattering to anyone but a tiny fringe because the truth is they became profoundly superficial, selfish, narrow, and self-entitled. It is a bonfire of the vanities — burning itself down. That, my friends, is reality. The rest…is BS. I’d say I’m sorry for the reality check, but I’m not. I expect a fatal narcissism and stupidity from the right. But I expect better — call me a fool — from the left.

—Umair
December 2019

Written by umair haque

ABOUT THE AUTHOR
umair haqueUmair Haque is a London-based consultant and author. He is also a contributor at the Harvard Business Review , where he focuses on capitalism and creating prosperity in the 21st century. Haque is the son of Pakistani economist Nadeem Haque. Haque has written several books: The New Capitalist Manifesto: Building a Disruptively Better Business (2011); Betterness: Economics for Humans (2011); and Why Are Europeans (So Much) Happier Than Americans? (2019).



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Putin’s Remarks on Climate Change as Effects are Increasingly Seen in Russia and Youths Express Concern

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[dropcap]A[/dropcap]lthough it’s been very slow to emerge, there is increasing concern expressed in Russia about the environment, from pollution related to industry and unregulated landfills to climate change. The Russian government has finally been forced to recognize the problem – at least in terms of rhetoric, with 2017 having been officially declared “The Year of the Environment in Russia.”

This past September, Russia – the fourth biggest emitter of carbon in the world – finally ratified the Paris Climate Accord. However, Russia could remain within its commitments to the accord by increasing its current emissions because of the major drop that came after the dissolution of the Soviet Union. There has been talk for several years that Putin even supports the formation of a Green Party, though some wonder if it would just be another small rather ineffectual party with a green “flavor.”

Over the past year, Russia has experienced major storms, floods and wildfires on an unprecedented scale – of which the aftermath prompted a personal visit by Putin in which he scolded the poor emergency response by local officials. But there is much more damage happening that hasn’t received such a dramatic treatment by the media. A recent article from Asia Times reports:

The Kremlin has now been forced to acknowledge that Russia is being hit hardest by climate change. According to state agency Rosgydromet, global warming is taking place 2.5 times faster in Russia than on average in the rest of the world, because of its geographical position.

Some effects of climate change became evident this summer, when surging wildfires devastated millions of hectares of Siberian taiga and floods ravaged the Irkutsk region.

But these are minor developments compared to a far, far greater peril.

If temperatures continue rising, there will be catastrophic consequences for Russia’s permanently frozen landmass – a vast geographic region which makes up 60% of the country’s territory.

Melting of permafrost poses threats to “the structural stability and functional capacities” of key infrastructure, as pointed out in a recent report by the Intergovernmental Panel on Climate Change.

According to separate estimates by the Russian Academy of Science, at current rates, the area covered by permafrost will shrink by a staggering 25% by 2080. That shrinkage threatens $250 billion worth of physical infrastructure, including energy pipelines, transportation networks and residences.

Additional reporting by Moscow correspondent Fred Weir for CSM revealed more concerns:

Arctic ice, receding at a record pace, revealed five new islands in the Russian far north this year that had been hidden under the ice sheets for all of recorded human history. Russian scientists aboard a research ship near the northern coast of Siberia last week were amazed to discover a massive eruption of methane bubbles from the ocean floor. The huge clouds of the super-greenhouse gas suggest that the underlying permafrost is melting faster than anyone could have anticipated.

This all begs the question of whether any short-term benefits that Russia might gain from more comfortable temperatures in populated areas or the opening up of formerly unreachable resources might be seriously outweighed by the longer-term liabilities.

Constantly distracted by war threats and economic sabotage by the West, and pushing for fast development to upgrade living standards for many who desperately need it, Putin has apparently forgotten about the terminal toxicity of capitalism and its myriad ecological problems. Does he really think capitalism can "work" in Russia avoiding the long list of contradictions and dynamics that inevitably bring a society to a social, political and ecological implosion?

According to polls administered by the Russian government, over half of Russians think environmental problems are worsening and two-thirds don’t think the government is doing enough about it. More importantly, a recent Russian poll to ascertain the attitude of youths (aged 10 – 18, living in 52 Russian regions) toward several issues, showed that almost half were concerned about the environment and 90 percent thought that updated laws were needed to better protect the environment.

With this context in mind, I will share comments that Putin made at the recent Valdai conference with respect to climate change in response to a question about Russia’s ratification of the Paris accord and how to resolve the conflict between protection of the environment and economic imperatives:

Vladimir Putin: As for the uniformity of approaches and evaluations, we will probably never reach this. Indeed, experts in various fields who somehow try to answer the question about the causes of climate change do not give unambiguous answers to the causes of climate change.

There are different opinions, I have heard them. Some say there is some global change in space that affects the Earth, so from time to time huge changes like this take place on our planet. I sailed along the Lena River in our country and saw high banks with deposits containing the remains of obviously ancient tropical mammals, which lived in tropical seas. I am talking about the Lena River, its stretch north of the Arctic Circle. It means back then the climate there was like this. Well, were there any anthropogenic emissions at the time? Of course, not. You see, there is no answer.

Just the same, my position is that if the human race is responsible for climate change, even in the slightest degree, and this climate change has grave implications, and if we can do something to, at least, slow down this process and avoid its negative consequences, we must spare no effort. This is our position. Despite all disagreements, we will support the international efforts to combat climate change.

Indeed, we have practically ratified the Paris Agreement and are committed to implementing it. You said we hesitated or argued about it. There will always be room for doubt or disputes. But look at the obligations that we undertook and those undertaken by our partners. We are committed to cutting greenhouse gas emissions by 70 or 75 percent by 2050.

By the way, the European Union has undertaken to cut the same type of gas emissions by 60 percent. We have approved a national environmental programme. It sets forth in detail what we must do and how we must do it complete with the deadlines. We have approved 12 federal programmes under the national project to work to change the situation regarding the environment. Gas emissions in 12 of the largest metropolises in our country, where they affect people’s lives and have a negative impact on the environment, must be reduced by 20 percent.

We have adopted a programme to deal with waste dumps – not only with primitive rubbish dumps but with hazardous waste as well. We have adopted a programme to extend protected nature areas by five million square kilometres. We have a whole set of measures that we are not just intending to carry out but we have already started to implement and they have already been made law in our country. So, we are determined to move, together with our partners, along this path that is laid down in the Paris Agreement.

As for the hydrocarbons, I think it was yesterday that I said the structure of the Russian energy sector is one of the world’s greenest. The nuclear power and hydropower industries in our country account for a third of the energy sector and gas accounts for 50 percent of the remaining two-thirds.

We have one of the greenest energy sectors in the world plus the capacity of our forests to absorb [waste carbon dioxide]. So, we understand the threats that everyone, including us, are exposed to. The warming rate in Russia exceeds that in the rest of the world by 2.5 percent. We are aware of this.

And one more thing: there are forests ablaze in one part of our country while close to it there is flooding and there is also drought and so on. We are well aware of this and we will do, jointly with the whole world, with the humankind, whatever it takes to preserve nature and the environment.

 

About the author(s)
Natylie Baldwin lives in the San Francisco Bay Area. Her fiction and nonfiction have appeared in various publications including Consortium News. OpEd News, The Greanville Post, Santa Fe Sun Monthly, Dissident Voice, Energy Bulletin, Newtopia Magazine, The Common Line, New York Journal of Books, and The Lakeshore. She is a graduate of Cal State East Bay where she majored in Liberal Arts and minored in Political Science.  In October 2015, she visited 6 cities in the Russian Federation and is writing about her impressions of the country and discussions with the Russian people.


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To Adapt to the Escalating Climate Crisis, Mere Reform Will Not Be Enough

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Rainer Shea



[dropcap]A[/dropcap]s I’ve watched young people around the world take part in the climate actions of the last month, I’ve gotten the sense that I’m watching a spectacle which has been orchestrated to create the illusion that we’re still in an earlier, more stable time for the planet’s climate. Legitimate as the passion and commitment of this generation of teen climate activists is, their efforts are being packaged by the political and media establishment in a way that encourages denial about our true situation. These ruling institutions neither want us to recognize the real solutions to the crisis, nor do they want us to see the irrecoverable and massive damage that’s already been done to the climate.

We’re told that if we restructure capitalism with the help of the “green” corporations and NGOs that are backing Greta Thunberg and Extinction Rebellion, a catastrophic outcome can be prevented. Supposedly radical politicians like Bernie Sanders promise that by making an appeal for corporations to partially reduce emissions within a capitalist framework, we can save the world. People want to believe the claims of these “green” capitalists because they want to believe that our living arrangements won’t fundamentally need to change in order for humanity to survive.

These sources of false hope let Western capitalist society continue to ignore the primary role that imperialism and militarism have in the climate crisis, to view the capitalist governments as legitimate, and to not try to break away from the philosophy of capitalism and endless growth. The lifestyle tweaks that we’re told will save the planet—eating less meat, carpooling, flicking off the light when you leave the room—won’t be able to solve the problem even if society were to largely adopt them. The climate solutions that the capitalists present to us are designed to make us feel better while we keep letting the system move us closer to apocalypse.

To survive, we must recognize two truths about this crisis: that it’s no longer possible to avert a substantial catastrophe, and that global capitalism must be toppled in order for the human race to have a future. Once we understand the former fact, it becomes easy to accept the latter.

When you examine the state of the world, it’s not hard to see that something needs to drastically change. Extreme inequality amid neoliberal policies and rampant corporate power has made the Western countries in many ways part of the so-called Third World. As American power declines, the imperialist wars are continuing and tensions between the most powerful countries are escalating. Another global recession looms at the same time as a stable and comfortable life has become impossible even for most Americans to attain. Refugees are fleeing the worst dangers in their home countries, and are being met with inhumane treatment by the reactionary governments of the core imperialist nations. All of these capitalist crises are intertwined with the climate collapse that’s threatening the foundations of civilization.

None of this can be prevented by voting for Democrats, or changing one’s personal lifestyle, or participating in climate demonstrations that are sanctioned by the corporatocracy. The momentum of the climate’s destabilization is unstoppable, and the fascistic political forces that have emerged amid the crisis aren’t going away.
  The goals of the Paris climate agreement, which require reducing emissions by around 45 percent before 2030 so as to avoid a 1.5 degree Celsius warming, most definitely aren’t going to be met. Global greenhouse gas emissions hit a record high in 2018, indicating that we’ll be at 1.5 by 2030. The climate feedback loop will quickly turn this into 2 degrees in the following years, which will turn into somewhere between 3 and 5 degrees by 2100. It’s estimated that with just 2 degrees of warming, sea level rise will engulf 280 million people, earthquakes will kill 17 million, and over 200 million will die from droughts and famine.

Just ten years from now, this transition will be far enough along that the basic structures of capitalist society will no longer be stable. In June, the U.N. Special Rapporteur on extreme poverty and human rights issued a report which said that more than 120 million people could be forced into poverty by 2030 due to the destroyed property and resource scarcity that climate change-related disasters will cause. In response, more social services will be cut, society will become more militarized, and more immigrants will be deported, imprisoned, or left to die in disease-riddled concentration camps.

Such cruelties against the victims of climate change are realistic, and are all already being carried out because in a world that’s falling to pieces, the feeling of desperation drives a survival instinct that makes people devalue the lives of their fellow human beings. Capitalism, with its fixation on competition, is a key driver behind this impulse to exclude and eliminate the immigrants who seek to share in the West’s relative stability. This is why Philip Alston, the author of the U.N.’s June report, said that barring radical systemic change, “Human rights might not survive the coming upheaval.”

As the warming continues, increasing food and water scarcity, flooding, deadly heat waves, epidemics, and inequality will set off wars and civil unrest. Where stable states still exist, the prevailing paradigm will range from heightened government vigilance to outright martial law. Otherwise, borders will become less clearly defined and the existing governments will lose their power, making for a global version of the Middle East in the wake of the wars in Iraq and Syria. The vacuum will be filled with militant groups. In the Arab world these new monopolies on violence have been ISIS and Al Qaeda, and in North America they could easily become white supremacist paramilitaries.

None of this can be prevented by voting for Democrats, or changing one’s personal lifestyle, or participating in climate demonstrations that are sanctioned by the corporatocracy. The momentum of the climate’s destabilization is unstoppable, and the fascistic political forces that have emerged amid the crisis aren’t going away. However, my message with this essay isn’t to become apathetic in the face of what’s happening to us, but to embrace a worldview of realism that allows us to actually combat the problem.

We in the Western world must take guidance from the colonized people who are struggling for their liberation from imperial control and the capitalist carbon economy. Our goal should be not to reform capitalism, but to overthrow the capitalist centers of government and replace them with ecosocialist power structures. This is what the Chavistas are trying to do in Venezuela, which is moving towards an ecosocialist revolution where the country weans itself off from dependence on oil markets. Bolivia, whose socialist president Evo Morales has given the environment legal protections that are equivalent to human rights, provides further inspiration for the new systems that we’re capable of building.


The path to taking over the power of the state and seizing the means of production, as the socialists in these countries are trying to do, requires building mass movements that aren’t co-opted by the influence of the capitalist class. Our objectives need to be unambiguous: an end to capitalism and an end to all forms of imperialism, which entails decolonization.

The people of Venezuela and Bolivia are lucky to have been able to use electoral means to install a government that attempts to pursue these goals. In the U.S., where electoral politics are rigged against third parties and a deadly police state has been created, freedom will only be gained by working to usurp the authority of the capitalist state. India’s Maoist gurriellas (or the Naxalites) are doing this by taking territory away from their region’s government, as are Mexico’s communist Zapatistas. These groups are building strongholds for the larger movements to take down capitalism, which gain greater potential for victory the more that capitalism’s crises escalate; capitalist regimes that are under threat of being overthrown can already be found in Haiti and Honduras, whose U.S.-backed governments may well soon be ousted through sustained proletarian rebellions.

To replicate these liberation movements worldwide, we must stop denying the extremity of the crisis and fight capitalism with the knowledge that we’re fighting for our survival. To commit to their battle against India’s corporate-controlled government, the Naxalites have had to experience the desperation of living in a severely impoverished underclass that’s increasingly suffering from water shortages amid the climate crisis. We Westerners can’t be kept complacent by the fact that our conditions are marginally better than theirs.

In the coming years, we’re not going to be living out a scenario where capitalism changes itself into something sustainable. We’re counting down to the collapse of civilization’s current configuration and, in my view, all that can save us now is the construction of a new ecosocialist civilization in its place.

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ABOUT THE AUTHOR
Rainer Shea uses the written word to deconstruct establishment propaganda and to promote meaningful political action. His articles can also be found at Revolution Dispatch

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Climate and the Money Trail

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F. William Engdahl

December 2018—Tens of thousands demonstrate in Paris in "March for the Climate".  Participants included many Gilets Jaunes and Gilets Verts, now uniting forces to demand the elimination of capitalism. This went unreported in the American press.


[dropcap]C[/dropcap]limate. Now who wudda thought. The very mega-corporations and mega-billionaires behind the globalization of the world economy over recent decades, whose pursuit of shareholder value and cost reduction who have wreaked so much damage to our environment both in the industrial world and in the under-developed economies of Africa, Asia, Latin America, are the leading backers of the “grass roots” decarbonization movement from Sweden to Germany to the USA and beyond. Is it pangs of guilty conscience, or could it be a deeper agenda of the financialization of the very air we breathe and more ?

Whatever one may believe about the dangers of CO2 and risks of global warming creating a global catastrophe of 1.5 to 2 degree Celsius average temperature rise in the next roughly 12 years, it is worth noting who is promoting the current flood of propaganda and climate activism.

Green Finance

Several years before Al Gore and others decided to use a young Swedish school girl to be the poster child for climate action urgency, or in the USA the call of Alexandria Ocasio-Cortez for a complete reorganization of the economy around a Green New Deal, the giants of finance began devising schemes for steering hundreds of billions of future funds to investments in often worthless “climate” companies.

In 2013 after years of careful preparation, a Swedish real estate company, Vasakronan, issued the first corporate “Green Bond.” They were followed by others including Apple, SNCF and the major French bank Credit Agricole. In November 2013 Elon Musk’s problem-riddled Tesla Energy issued the first solar asset-backed security. Today according to something called the Climate Bonds Initiative, more than $500 billion in such Green Bonds are outstanding. The creators of the bond idea state their aim is to win over a major share of the $45 trillion of assets under management globally which have made nominal commitment to invest in “climate friendly” projects.

Bonnie Prince Charles, future UK Monarch, along with the Bank of England and City of London finance have promoted “green financial instruments,” led by Green Bonds, to redirect pension plans and mutual funds towards green projects. A key player in the linking of world financial institutions with the Green Agenda is outgoing Bank of England head Mark Carney. In December 2015, the Bank for International Settlements’ Financial Stability Board (FSB), chaired then by Carney, created the Task Force on Climate-related Financial Disclosure (TCFD), to advise “investors, lenders and insurance about climate related risks.” That was certainly a bizarre focus for world central bankers.


In 2016 the TCFD along with the City of London Corporation and the UK Government initiated the Green Finance Initiative, aiming to channel trillions of dollars to “green” investments. The central bankers of the FSB nominated 31 people to form the TCFD. Chaired by billionaire Michael Bloomberg of the financial wire, it includes key people from JP MorganChase; from BlackRock–one of the world’s biggest asset managers with almost $7 trillion; Barclays Bank; HSBC, the London-Hong Kong bank repeatedly fined for laundering drug and other black funds; Swiss Re, the world’s second largest reinsurance; China’s ICBC bank; Tata Steel, ENI oil, Dow Chemical, mining giant BHP Billington and David Blood of Al Gore’s Generation Investment LLC. In effect it seems the foxes are writing the rules for the new Green Hen House.

Bank of England’s Carney was also a key actor in efforts to make the City of London into the financial center of global Green Finance. The outgoing UK Chancellor of the Exchequer, Philip Hammond, in July 2019 released a White Paper, “Green Finance Strategy: Transforming Finance for a Greener Future.” The paper states, “One of the most influential initiatives to emerge is the Financial Stability Board’s private sector Task Force on Climate-related Financial Disclosures (TCFD), supported by Mark Carney and chaired by Michael Bloomberg. This has been endorsed by institutions representing $118 trillion of assets globally.” There seems to be a plan here. The plan is the financialization of the entire world economy using fear of an end of world scenario to reach arbitrary aims such as “net-zero greenhouse gas emissions.”

Goldman Sachs Key Actor

The omnipresent Wall Street bank, Goldman Sachs, which spawned among others ECB outgoing President Mario Draghi and Bank of England head Carney, has just unveiled the first global index of top-ranking environmental stocks, done along with the London-based CDP, formerly the Carbon Disclosure Project. The CDP, notably, is financed by investors such as HSBC, JPMorgan Chase, Bank of America, Merrill Lynch, Goldman Sachs, American International Group, and State Street Corp.

The new index, called CDP Environment EW and CDP Eurozone EW, aims to lure investment funds, state pension systems such as the CalPERS (the California Public Employees’ Retirement System) and CalSTRS (the California State Teachers’ Retirement System) with a combined $600+ billion in assets, to invest in their carefully chosen targets. Top rated companies in the index include Alphabet which owns Google, Microsoft, ING Group, Diageo, Philips, Danone and, conveniently, Goldman Sachs.

Enter Greta, AOC and Co.

At this point events take on a cynical turn as we are confronted with wildly popular, heavily promoted climate activists such as Sweden’s Greta Thunberg or New York’s 29-year-old Alexandria Ocasio-Cortez and the Green New Deal. However sincere these activists may be, there is a well-oiled financial machine behind promoting them for gain.

Greta Thunberg is part of a well-connected network tied to the organization of Al Gore who is being cynically and professionally marketed and used by such agencies as the UN, the EU Commission and the financial interests behind the present climate agenda. As Canadian researcher and climate activist, Cory Morningstar, documents in an excellent series of posts, young Greta is working with a well-knit network that is tied to US climate investor and enormously wealthy climate profiteer, Al Gore, chairman of Generation Investment group. Gore’s partner, ex-Goldman Sachs official David Blood as noted earlier, is a member of the BIS-created TCFD. Greta Thunberg along with her 17-year-old US climate friend, Jamie Margolin, were both listed as “special youth advisor and trustee” of the Swedish We Don’t Have Time NGO, founded by its CEO Ingmar Rentzhog. Rentzhog is a member of Al Gore’s Climate Reality Organization Leaders, and part of the European Climate Policy Task Force. He was trained in March 2017 by Al Gore in Denver, and again in June 2018, in Berlin. Al Gore’s Climate Reality Project is a partner of We Don’t Have Time.

Congresswoman Alexandria Ocasio-Cortez (AOC), who made a huge splash in her first days in the US Congress for unveiling a “Green New Deal” to completely reorganize the US economy at a cost of perhaps $100 trillion, is also not without skilled guidance. AOC has openly admitted that she ran for Congress at the urging of a group called Justice Democrats. She told one interviewer, “I wouldn’t be running if it wasn’t for the support of Justice Democrats and Brand New Congress. Umm, in fact it was it was these organizations, it was JD and it was Brand New Congress as well, that both, that asked me to run in the first place. They’re the ones that called me a year and a half ago…” Now, as Congresswoman, AOC’s advisers include Justice Democrats co-founder, Zack Exley. Exley was an Open Society Fellow and got funds from among others the Open Society Foundations and Ford Foundation to create a predecessor to Justice Democrats to recruit select candidates for office.

The Real Agenda is Economic

The links between the world’s largest financial groups, central banks and global corporations to the current push for a radical climate strategy to abandon the fossil fuel economy in favor of a vague, unexplained Green economy, it seems, is less about genuine concern to make our planet a clean and healthy environment to live. Rather it is an agenda, intimately tied to the UN Agenda 2030 for “sustainable” economy, and to developing literally trillions of dollars in new wealth for the global banks and financial giants who constitute the real powers that be.

In February 2019 following a speech to the EU Commission in Brussels by Greta Thunberg, then-EU Commission President Jean-Claude Juncker, after gallantly kissing Greta’s hand, appeared to be moved to real action. He told Greta and the press that the EU should spend hundreds of billions of euros combating climate change during the next 10 years. Juncker proposed that between 2021 to 2027, “every fourth euro spent within the EU budget go toward action to mitigate climate change.” What the sly Juncker did not say was that the decision had nothing to do with the young Swedish activist’s plea. It had been made in conjunction with the World Bank a full year before in September 26, 2018 at the One Planet Summit, along with the World Bank, Bloomberg Foundations, the World Economic Forum and others. Juncker had cleverly used the media attention given the young Swede to promote his climate agenda.

On October 17, 2018, days following the EU agreement at the One Planet Summit, Juncker’s EU signed a Memorandum of Understanding with Breakthrough Energy-Europe in which member corporations of Breakthrough Energy-Europe will have preferential access to any funding.

The members of Breakthrough Energy include Virgin Air’s Richard Branson, Bill Gates, Alibaba’s Jack Ma, Facebook’s Mark Zuckerberg, HRH Prince Al-waleed bin Talal, Bridgewater Associates’ Ray Dalio; Julian Robertson of hedge fund giant, Tiger Management; David Rubenstein, founder Carlyle Group; George Soros, Chairman Soros Fund Management LLC; Masayoshi Son, founder Softbank, Japan.

Make no mistake. When the most influential multinational corporations, the world’s largest institutional investors including BlackRock and Goldman Sachs, the UN, the World Bank, the Bank of England and other central banks of the BIS line up behind the financing of a so-called green Agenda, call it Green New Deal or what, it is time to look behind the surface of public climate activist campaigns to the actual agenda. The picture that emerges is the attempted financial reorganization of the world economy using climate, something the sun and its energy have orders of magnitude more to do with than mankind ever could—to try to convince us ordinary folk to make untold sacrifice to “save our planet.”

Back in 2010 the head of Working Group 3 of the UN Intergovernmental Panel on Climate Change, Dr Otmar Edenhofer, told an interviewer, “…one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore, with problems such as deforestation or the ozone hole.” Since then the economic policy strategy has become far more developed.


ABOUT THE AUTHOR
F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics.

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

ALL CAPTIONS AND PULL QUOTES BY THE EDITORS NOT THE AUTHORS

Read it in your language • Lealo en su idioma • Lisez-le dans votre langue • Lies es in Deiner Sprache • Прочитайте это на вашем языке • 用你的语言阅读

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