Lacy MacAuley

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a home for my pen, projects, and passions

capitalism = climate change

Capitalism = Climate Change. The dominant economic model creates inequality. Inequality contributes to climate change. How? Take a look at this new report by Oxfam International, a new report making a bit of a stir here at the COP21 Paris climate summit:

“Climate change is inextricably linked to economic inequality: it is a crisis that is driven by the greenhouse gas emissions of the ‘haves’ that hits the ‘have-nots’ the hardest. While COP21 in Paris will see a deal negotiated between governments on the basis of the total emissions produced in their territories, the real winners and losers will be their citizens. The true test of the deal will be whether it delivers something for the poorest people who are both the least responsible for and the most vulnerable to climate change, wherever they live.”

The richest 1% create 175 times more carbon emissions than the poorest 10% of the global population. And these rich 1% often benefit from carbon-intensive activities, such as heavy industry or Wall Street trading that is based on resource-intensive activities.

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