Wednesday, August 29, 2018

UN scientific paper says capitalism has to die

In order to save the planet. "The team of researchers from various academic institutions throughout Finland who wrote the report gave a sobering assessment of the planet’s future if the current economic order continues unabated. Namely, that all rich Western countries have based their societies on an abundance of cheap energy, which the scientists say is no longer a reality."

"Economies have used up the capacity of planetary ecosystems to handle the waste generated by energy and material use. [D]ominant economic theories as well as policy-related economic modeling rely on the presupposition of continued energetic and material growth. The theories and models anticipate only incremental changes in the existing economic order. Hence, they are inadequate for explaining the current turmoil."

"In order to meet this goal, however, scientists cast doubt on the ability of renewable energy sources to be able to sustain humanity’s current energy consumption rate.The only viable solution to attain a goal of zero emissions is, according to the paper, for humanity to use substantially less energy."

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