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Video: Why Capitalism is Killing the Planet, 27 min
Market anarchy as promoted by Adam Smith is different than prioritizing human needs. We must put the brakes on industrial growth. Equivalent jobs must be provided for closed industries.
to watch the 27 minute video from Richard Smith and http://www.socialistproject.ca, click on
"Capitalism is the main driver of ecological collapse. Competition forces corporations to drive down wages. CEOs and corporations are responsible to shareholders. Coal, oil and gas must be left in the ground. How can companies subordinate profit and stay in business?
There's no market solution to global warming. We are overconsuming everything like there's no tomorrow. 3/4 of the goods and services don't need to be made: endless waste streams, fashions, autos, junk mail, the so-called credit industry.
Rightwing economists like Milton Friedman denied the possibility of planning and equated it with Stalinism. Capitalists plan the economy all the time, meet at Davos and privatize the commons... Why don't we get to vote on GMOs?... We have to plan democratic institutions to run our economy. Via Campesina and California initiatives are examples. Democracy can only work in economic equality. "We can only have democracy or concentration of wealth, not both," Justice Brandeis said. Life is better and people are happier when societies are more equal (cf. Spirit Level). There is enough for everyone's need, not everyone's greed, Gandhi said... Closing the book on capitalism and building an eco-socialist world is the greatest challenge and hope..."