FORUM 2009

John Bellamy Foster, Brett Clark and Richard York

Development and Change, 2009, vol. 40, issue 6, 1085-1097

Abstract: type="main" xml:lang="en">

Global climate change is perhaps the most serious problem the world faces. Despite its severity, mainstream economic approaches to addressing the problem fail to get to the root cause — the capitalist global economy — falling instead for ‘the Midas Effect’, the notion that ecological values can be converted into economic values. Here we highlight the severity of the global climate crisis, which requires that atmospheric carbon levels be reduced (to 350 ppm), and explain how capitalism is the primary driving force behind this crisis. We argue that to address this problem properly, nothing less than an ecological revolution is required, where we replace the current capitalist system with one based on meeting human needs in a sustainable way, not furthering capital accumulation.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1111/j.1467-7660.2009.01613.x (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:devchg:v:40:y:2009:i:6:p:1085-1097

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0012-155X

Access Statistics for this article

More articles in Development and Change from International Institute of Social Studies
Bibliographic data for series maintained by Wiley Content Delivery ().