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Subjects Archives: Capitalism

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Climate change, dust bowls, fishery collapse: metabolic rifts of capitalism and the need for socialism

Humankind and the environment are hurtling toward unprecedented ecological crises. Global warming, sea level rise, and weather extremes due to carbon emissions are catastrophic enough, but they will mix and combine with ocean acidification, air and chemical pollution, water shortages, deforestation, fishery collapse, soil erosion, and mass extinction, throwing both nature and society off a […]

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Portrait of the 2009-2019 U.S. expansion

June 2019 marks the 10th anniversary of the current U.S. economic expansion. If it makes it through July it will surpass the 1991-2001 expansion as the longest on record. But while expansions are to be preferred over recessions, there are many reasons to view this record-breaking expansion critically. In fact, the nature of this expansion, […]

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Carbon markets in a climate-changing capitalism

Carbon Markets in a Climate-Changing Capitalism offers an account of why these earlier expectations were not matched by experience. While the contradictions of market solutions have not gone away, the difference this time is that we are just over a decade away from the IPCC’s 2030 benchmark for 1.5°C. The concentration and centralisation of emissions […]

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Close up of a dictionary word Unemployment

Traditional measures of unemployment are missing the mark

We’ve heard it countless times in recent media accounts: The economy is at “full employment.” The most recent jobs numbers, out the first week in May, show the official unemployment rate, and applications for unemployment benefits are at a 50-year low. The last time a recovery was able to push the unemployment rate to these […]

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