It shouldn’t destroy the planet
Capitalism’s imperative of constant and compounding growth is hitting a limit on a finite planet. Capitalism typically requires a growth rate of 2% to 3% each year.
A recession, like the one we fell into following the 2008 financial crisis, is merely a period of negative or no growth. The capitalist economy seizes and suffocates when it doesn’t grow.
That simply can’t continue if growth means the exploitation of natural resources (including the atmosphere, which is used like a trashcan).
Smog in Beijing forces citizens to wear masks
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