Most political leaders face a challenge they refuse to acknowledge: to gain control of runaway climate change they must abandon convenience, the unchallenged assumptions that place the corporation as means and ends of policies.
The current environmental and climate crisis is not simply a market failure because nature is not simply a form of capital. Putting a price on nature under the label of the "Green Economy" is an attempt to expand the reach of finance capital and privatise our planet.
TNI will be attending the Peoples Summit at Rio+20 and organising workshops on investment and energy. The Peoples Summit is organised by social movements from all over the world and will be held at the Aterro do Flamengo in Rio de Janeiro, during the official Rio+20 Summit (UNCSD) from June 15-23.
President Obama’s decision comes despite the fact that US government and independent models predict an 80% chance Polar Bears will become mostly extinct by 2050, with total extinction this century without cuts in emissions.
We have to talk to, learn from and support the indigenous movements which have inserted ecosocialist and degrowth like concepts into the formal constitutions, as in the states of Bolivia and Ecuadorian.
Global finance is only one facet of multiple crises facing human civilization - crises over food, water, climate, energy as well as the global economy urgently need to be addressed. So far, neoliberal responses of governments have been to tackle finance alone - by replacing a banker or by pumping money into the system. But it is the system itself - that is in crisis.
In this special edition of Globalizations, François Houtart outlines the interlinked but different elements of the multiple crises we face, and makes radical suggestions for moving beyond the current state of affairs - through addressing all together.