This chapter explores the distinction between free radical capital and fossil capital, emphasizing the complexity of dismissing the latter. It delves into the exploitation embedded within the system managing development and debt for southern countries, and touches on the reoccurrence of debt for heavily indebted poor nations even after a write-off. The chapter also highlights the hinderance caused by intellectual property laws and provisions in the WTO in achieving global COVID vaccination despite the availability of resources.
All the money and power in the world—but still the ruling class is failing.
James Schneider, Communications Director for Progressive International, explains how crisis is a permanent feature of fossil capitalism, which is currently cannibilising itself. He reveals a strategy for progressive movements around the world to unite around energy rights, before explaining how we need revolution over reform, including an anti-regime campaign to overthrow the ruling class. This is an acute and scathing analysis of the ruling class—and why hope lies with a green democratic revolution.
James Schneider is the cofounder of People’s Momentum, author of Our Bloc: How We Win, and Labour’s Head of Strategic Communications under Jeremy Corbyn.
© Rachel Donald
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