Red and Green: The Ecosocialist Perspective

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A Socialist Project e-bulletin ... No. 1552 ... February 5, 2018

Red and Green: The Ecosocialist Perspective

Michael Löwy

The contemporary international political economy is marked by a great contradiction. On a planet characterized by finite resources, the economy is predicated upon an absurd and irrational logic of infinite expansion and accumulation. With its fossil fuel based operations continually spewing carbon into the earth’s atmosphere, the capitalist system’s productivist obsession with profit has brought humanity to the brink of an abyss. Climate change is accelerating much faster than predicted – the accumulation of CO2, the rise in temperature, the melting of the polar ice, the drought, and the floods: everything is happening too quickly. In fact, the scientific assessments are now perceived as being too optimistic. The question is: after a certain level of increase in... temperature – say six degrees – would the planet still be inhabitable for our species?

How should we respond to this enormously frightening scenario? We have seen that partial reforms are completely inadequate. The failure of the Kyoto protocol, for instance, illustrated that it was impossible to meet the dramatic challenge of global warming with the methods employed by the capitalist free market, such as the emission rights stock exchange. What is needed is the replacement of the micro-rationality of profit by a social and ecological macro-rationality, which demands a veritable change of civilization. It is, however, impossible to work toward that change without a profound reorientation aimed at replacing contemporary energy sources by clean and renewable ones, such as wind or solar energy. The first question, therefore, concerns the issue of control over the means of production, especially decisions on investment and technological change, which must be taken away from the banks and capitalist enterprises in order to serve the society’s common good.

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