> 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.
Capitalism incentivizes increased economic output, which incentivizes increased energy consumption. Barring regulations to internalize the externalities of co2 emissions, this means it incentivizes increased fossil fuel consumption.
Yes, some companies die, and that's part of capitalism as envisioned by Adam Smith, but the companies that survive are the ones that are able to produce products cheaper, usually by producing more, by consuming more energy.
> 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.
> 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.
We have failed to do anything about climate change within the system of capitalism in the past 30 years, so isn't it the people who refuse to consider the possibility that it's a problem that capitalism is unable to address who may be trapped in a mental frame?