Is every form of industrialization, from the USSR to the UK to the US to China, capitalist?
Is the current energy transition, funded by massive amounts of capital, and the result of industrialization of technology, somehow less capitalistic?
Are the ESG efforts somehow less capitalist?
Sometimes, our mental frames are traps rather than tools for understanding the world. This essay makes me think that this person is quite trapped, unable to absorb or explain climate action of the past 30 years.
> Capitalism is a grow-or-die system. If accumulation declines, the result is economic crisis.
You know what else is grow-or-die? Life itself. All of life is a series of exponential growth, followed by slower growth. It's all logistic curves.
This idea that capitalism is all growth is a very simple-minded and inaccurate view of capitalism. It's also the death of firms. It's stagnation. Its fortunes squandered, in addition to fortunes built.
Don't get me wrong, I don't think that capitalism is the be-all end-all system, but these critiques are so weak as to block any chance at actually fixing the many many problems of capitalism.
I can't read this thing without thinking "really? Where is your critical thinking?" About every single paragraph.
Essays like this degrade the critique of capitalism into nonsense, ultimately weakening any attempt to change the system, because they discredit the idea that there are actually lots of legitimate critiques of the system. They also cheapen critique by broadening the definition to basically "what I don't like at any given moment."