On the show this week, Chris Hedges talks to writer, teacher and activist Victor Wallis about the prospect and need for Ecosocialism. As Vitor Wallis notes, “A disdain for the natural environment has characterized capitalism from the beginning. As Marx noted, capital abuses the soil as much as it exploits the worker.1 The makings of ecological breakdown are thus inherent in capitalism. No serious observer now denies the severity of the environmental crisis, but it is still not widely recognized as a capitalist crisis, that is, as a crisis arising from and perpetuated by the rule of capital, and hence incapable of resolution within the capitalist framework…”
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As might be expected from a shockumentary artist like Michael Moore, his latest outing, Planet of the Humans, packs a great deal of provocative, at times haunting, and vital information along with debatable truths. Watch Moore’s film, and this video selection featuring critics and defenders in the most important debate of our time or any time.
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While Europe is often thought of as the EV headquarters of the world, and Tesla, the world’s most famous EV company, is located in the United States, China is taking over. Beijing has been on the cutting edge of the electric vehicles sector for a while now, and all but controls EV markets. Way back in 2018 Oilprice reported that “China Indirectly Controls EV Markets” because of its near-monopoly at various levels of the supply chain, most notably in the case of lithium ion batteries.
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MoA—The answer to the question OPEC++ or a dead shale industry? is in. The shale oil industry will die. It may come back in the future but that will be years from now. The coronavirus pandemic has cut oil demand from 100 million barrels per day to some 75 Mbpd. Oil prices have fallen from $60 per barrel to $20/bl. On Thursday OPEC+, the original oil producer cartel plus Russia, agreed formally to cut output by 10 million barrels per day. The real promised cuts would have been smaller. But the agreement depended on the commitment of all OPEC members.
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BILL SPENCE—No less than 23 former fire chiefs and emergency leaders attempted to warn the government for months in 2019 that more resources were urgently needed to tackle bushfires. What did the government do? Some would say, “nothing”. But actually, that is not true. On top of ignoring the warnings from their own fire experts, government officials spent most of their time actively opposing any moves to limit climate damage and prevent bushfires.
