According to a survey of almost 800 climate researchers, 73% are sceptical of the idea of green growth. Instead, approaches such as agrowth and degrowth are gaining traction.
We need to reform our monetary system. Credit generates money, which is supposed to represent actual created wealth. In order to obtain credit, social agents have to convince banks and nation-states that they will create actual wealth in the future. Thus, money is created in advance of wealth and is attached to an expectation of growth.
The financial system has always been broken and it’s incapable of dealing with the climate crisis. These researchers know how swiftly we must take action for a civilization to exist at all in the next few decades. Global economy has only one possible future apart from annihilation, which is to stop emitting greenhouse gases and to start capturing carbon. That project and all it entails should be the promise that generates new money, since any wealth will be rooted in that endeavour. Money is the soul of an economy, and ours is based on colonialism, slavery, exploitation, expropriation and wealth concentration, that’s why the world worships the US Dollar.
We need to reform our monetary system. Credit generates money, which is supposed to represent actual created wealth. In order to obtain credit, social agents have to convince banks and nation-states that they will create actual wealth in the future. Thus, money is created in advance of wealth and is attached to an expectation of growth.
The financial system has always been broken and it’s incapable of dealing with the climate crisis. These researchers know how swiftly we must take action for a civilization to exist at all in the next few decades. Global economy has only one possible future apart from annihilation, which is to stop emitting greenhouse gases and to start capturing carbon. That project and all it entails should be the promise that generates new money, since any wealth will be rooted in that endeavour. Money is the soul of an economy, and ours is based on colonialism, slavery, exploitation, expropriation and wealth concentration, that’s why the world worships the US Dollar.