Global Warming and 'Capitalism Deniers'

Irreconcilable Differences: Capitalism And A Sustainable Planet

By Gary Olson from here

People who own the world outright for profit will have to be stopped; by influence, by power, by us. — Wendell Berry

The need for more studies confirming that we’re approaching an irreversible ecological crisis, the tipping point beyond human control, is over. James Hansen, the world’s most eminent climatologist is so certain of this evidence that he’s added civil disobedience to his resistance repertoire. Along with legal challenges, expert testimony and lobbying governments, the 72-year-old grandfather advocates direct action by a mobilized citizenry. He’s been arrested several times, most recently in protests again the proposed Keystone XL Pipeline.

This project would transport raw, toxic tar sands (bitumen) from Alberta, Canada to refineries on the U.S. Gulf Coast. In addition to destroying northern forests and endangering our drinking water, Keystone XL will emit a staggering amount of global warming pollution into the environment. Just a few weeks ago, Hansen and some former NASA colleagues wrote that “Burning all fossil fuels, we conclude, would make most of the planet uninhabitable by humans … and would leave just a fraction of humanity clinging to life atop Earth’s highest ridges.”

That the corporate carbon industrial complex remains obdurate in the face of all evidence isn’t surprising but it does reveal the inadequacy of piece meal reform. Simply stated, market based responses won’t save us because there is an irreconcilable conflict between capitalist economic growth ad infinitum and the survival of the planet as we know it. Even the looming prospect of ecocide won’t keep fossil fuels in the ground, resources worth trillions to oil and gas corporations.

As labor rights activist Shamus Cooke puts it, those capitalists who fail to obtain a return on their investments (growth) lose money. This relentless imperative, “this holy shrine of growth cannot be surgically removed from the capitalist body; the body itself was born ill.” And because renewable energy isn’t as profitable as oil,” a majority of capitalist investment will continue to go towards destroying the planet.” Recently, when asked about opposition to the XL Pipeline, ExxonMobil’s CEO Rex Tillerson candidly replied, “My philosophy is to make money.”

As if to reinforce this point, profiting from global warming is the next big thing. I’m reminded of Bob Mankoff’s 2002 cartoon in The New Yorker where a corporate executive declares to an audience of peers, “And so, while the-end-of-the-world scenario will be rife with unimaginable horrors, we believe the pre-end period will be filled with unprecedented opportunities for profits.” Mankoff’s clever prescience is perversely confirmed by a recent Bloomberg headline: “Investors Embrace Climate Change, Chase Hotter Profits.” Because Wall Street now assumes that climate change is “inevitable,” the only remaining question is how to profit from it?

This goes far beyond selling more potent sun screens, inflatable rafts and anti-pollution breathing masks. Billions of dollars are being invested in Australian farmland (far from the ocean) and hedge funds trading in something called “weather derivatives.” Investments are flowing into the mining of copper and gold in Greenland where glacier-free land has suddenly become accessible. Arctic tourism, gas exploration and new shipping lanes through melting polar regions are all climate change, money-making ventures. In anticipation of major droughts, Bayer, Monsanto and BASF have filed some 55 patents for “climate ready” seeds. Green technology is already passé as investors scramble for their final piece of a planet in dire jeopardy.

Working for reforms is not unimportant but capitalism cannot prevent the ruination of the biosphere. My sense is that climate activists who fail to acknowledge this basic truth — we might term them “capitalism deniers” — have no chance of reversing our slide toward the ecological apocalypse.

For myself, as a grandfather of two little guys and nearing my retirement from full-time teaching, the prospect of of engaging in civil disobedience, being a serial arrestee on behalf of the environment is appealing for the next stage of my life. I like to imagine Jackson and Zinn’s parents having a true story to tell the boys when they plead: “Tell us again about how Grandpa tried to stop the bad guys who didn’t care about all the animals, plants and people on earth.”

 Gary Olson is professor and chair of the political science department at Moravian College in Bethlehem, PA.