The Insatiable Appetite of Global Capitalism for Carbon.
Capitalism needs to grow, and if it does not grow, it dies. Production must increase, therefore consumption must do so, both driven by the imperative of increased revenues and increased profits, required by shareholders requiring increased dividends, banks and other financial institutions requiring increased interest payments, and owners of 'land' (which, in economics jargon, includes the sources of raw materials for industry) for rents. Workers, deprived of collective bargaining power by anti-trade union laws and firms preventing them from joining trade unions, struggle to keep wages in line with rising prices. Capitalism wants them to consume more, but doesn't want to pay them more! Capitalism, in order to grow, requires an increased supply of energy. Some of that energy, it's true, is supplied by renewables and nuclear power, but the vast majority of it is still supplied by fossil fuels - by carbon. According to the Guardian on Monday 26th June 2023, citing a re...