Intelligence Squared Rematch Debate: To Stop Climate Collapse, We Must End Capitalism
Nov 13, 2020
Join international environmental lawyer Farhana Yamin, economist Anne Pettifor, and former UK Climate Change Committee chair Adair Turner as they dive into a heated debate about the role of capitalism in climate action. Yamin argues for dismantling capitalism to avert ecological disaster, while Pettifor emphasizes the need for radical economic reform. Turner advocates for a regulated capitalist approach. Conservative MP Jesse Norman offers counterpoints, questioning if reform within capitalism is enough. The discussion spans public opinion shifts and practical strategies for sustainability.
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Capitalism's Flaws
- Capitalism, characterized by endless growth and interchangeable resources, is inherently flawed.
- Its extractivist nature, rooted in slavery and colonialism, has led to environmental destruction.
Decarbonization through Capitalism
- Decarbonizing the economy is technologically feasible with renewable energy and efficient energy use.
- Capitalism, through regulation and incentives, can drive innovation and achieve this goal.
Communism's Environmental Impact
- In Poland, under communism, jokes highlighted the lack of choice and market failures.
- The Katowice aluminium smelting works, lacking proper pricing mechanisms, became Europe's worst polluting plant.
