Capitalism Will Ruin the Earth By 2050, Scientists Say

By 2050, we could retain high levels of GDP, at the price of a world wracked by minerals and materials shortages, catastrophic climate change, and a stuttering clean energy transition —paving the way for a slowly crumbling civilization. Or, we could ditch the GDP fetish and enter a world of abundance, with energy consumption safely contained within planetary boundaries, and high-tech economies that support jobs, health and education for everyone without costing the earth.

Democracy & Good Governance

On the other hand, the authors find that the only scenario in which the world is able to cut greenhouse gas emissions by 80 percent in the transportation sector by 2050 involves “a radical shift towards light electric vehicles, shift of road freight to electric train, ambitious recycling mineral levels, drastic reductions in the demand for transportation (especially for those more polluting such as aviation) and a significant decrease in overall economic activity.”

All this will require what the authors describe as “a profound change in the dominant economic paradigm”—namely, capitalism. Read More

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