CAPITALISM Flashcards
What is the second contradiction of capitalism?
The earth is a closed system with finite resources and cannot support infinite growth. Capitalism cannot survive without continuous growth.
What is an Ecological rift, with an example?
A disconnect with humans and the earth as governments/cooperations promote technological fixes for environmental problems.
Using artificial fertiliser on degraded soil. Causes global warming and eutrophication.
What are planetary boundaries? What happens if they are breached? Which have already been breached?
The safe operating spaces for humanity in respect to Earth’s biophysical processes - when they are breached Earth moves into a new state - the nitrogen/phosphorous cycle and biodiversity integrity.
What is ecologically unequal exchange?
Modern day ecological imperialism. The consumption and capital in core countries is based on the extraction and exploitation of poorer countries.
Is overcomsumption by households the main cause of degradation?
No - this masks the role of production. Consumption is shaped beyond our control.
What are the key principles of sustainable capitalism?
Circular economy
Shifting from production to service provision
Reinvesting in ecosystems that support life and business
What is the marxist view of sustainable capitalism?
An oxymoron, where overcoming the contradiction requires planning and coordination.
Can lead to coercive environmentalism
What is the sharing economy? What are 2 examples?
Colaborative economy based on socialist principles and sharing access to goods and services.
Airbnb. Foodsharing.
What is good and bad about the sharing economy?
Results in downsizing of production and consumption.
Can blur the lines between sharing and profit seeking
Often forced to be regulated to ensure public interest opposed to profit.
