The short answer is yes
The short answer is yes and the United States is leading the charge. Capitalism in its current state drives Climate Change and is facilitating the destruction of the human species in what many have called the last great extinction event.
the human species is driving itself to extinction
Capitalism in its most current incarnation creates increased surplus population, treats natural resources as unlimited raw materials / things, divides the world into makers and takers which in-turn destroys communities and glorifies every individual for themselves, deifies greed, money and power, focuses on quarterly profits, drives moneyed economies at the expense of real growth for all and the destruction of the planet for humans and thousands of other species.
I’m not an economist and it doesn’t take an economist to see that the human species is driving itself to extinction. This is common sense. In order for the system to work there must be a variety of extraneous factors that do not contribute to growth GNP.
Short term / quarterly greed-based profits fuels short shortsightedness of the future of humans on planet Earth
Surplus population does not contribute to capitalism. They are excluded from the statistics of the economy and by design they only matter in two ways: the population excess must be excluded for the capitalistic engine to work and the surplus population can be blamed when capitalism appears to fail.
- The incarcerated and prisoners (in the prison system)
- Pregnant mothers and stay-at-home mothers
- Severely addicted to drugs and / or alcohol
- Hospitalized (short term) Mentally Ill
- Long term incarcerated mentally ill
- Short and long term medically hospitalized
- Illegal Immigrants – both seasonally employed or unemployed and unemployable
There are transient members of the surplus groups: higher education, pregnant mothers, short term unemployed, children that become adults and get jobs, soldiers re-entering the job market and prisoners being released from prison that get jobs (far more prisoners are there for life-sentences sometimes for non-violent crime).
The Drivers of Capitalism
- All those who have jobs
- Wall Street
- Investors that make money from investing in businesses
- Investors that make money from investing in money
Capitalism and the reductionism of science does not take into account the sacredness of life
The Hidden Assumptions of Capitalism
Short term / quarterly greed-based profits fuels short shortsightedness of the future of humans on planet Earth. Capitalism does not consider raw materials in its equation for profits because raw materials are things that are considered to be in an unlimited supply. Petroleum is sought after through fracking for instance, which is not a cost-effective extraction method for finding oil as well as the damage to land and the poisoning of water supplies. Because profit margins are short sighted/ based on quarterly profits this mindset is applied to the extraction of raw materials from the planet by whatever means necessary. The reverse is also true products are applied to agriculture to speed the harvest that may cause unforeseen health risks and damage to the soil. Health risks are good for the medical and pharmaceutical industries. Damage to the soil may be augmented by more products to enhance the productivity of the soil but may not address the health of the soil and so on. The short-term growth is considered of primary importance so profit is maximized over a short period of time like an addictive high.
Capitalism and the reductionism of science does not take into account the sacredness of life especially the life of the planet and her minerals, ores, soil, trees, animals, plants, oceans and landmasses. Capitalism uses science to augment profit especially short-term profit fueled by unbridled greed to destroy our future especially in the face of climate change.
For more about my work visit: Ontario’s The Kai