Still can’t get over the fact that an editor of the Financial Times said that we need to do away with #capitalism in order to deal with the #climate. If that’s not a sign of mainstream economics/finance finally waking up to the reality of the situation we’re in, I don’t now what is.

edit to add link (thanks Boud): https://archive.ph/2023.06.29-113742/https://www.ft.com/content/86d71297-3f34-48f3-8f3f-28b7e8be03c6

@Brendanjones Capitalism itself isn’t bad. What makes modern capitalism bad is that it promotes competition, exploitation of labor and exploitation of natural resources. It creates unequal society where each individual competes for better living conditions and money. Governments need to step in and promote production and use of clean sustainable energies. Lower prices of electricity obtained from sustainable sources or make discounts. Capitalism should be combined with socialism.