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Jason Hickel
@jasonhickel
Professor at ICTA-UAB and Visiting Senior Fellow at LSE • Author of THE DIVIDE and LESS IS MORE • Global inequality, political economy and ecological economics
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Why did our ruling class not invest in decarbonising faster to avoid this acceleration in deadly heatwaves that scientists warned would come? Because of the capitalist law of value. Capital invests in what is most profitable to capital, rather than what is most necessary for humanity, so our ruling class keeps ploughing investment into fossil fuels and SUVs, while we get far too little in renewables and public transit, even while the world burns around us. We have more than enough capacity (labour, factories, technology) to address the climate crisis, but as long as capital controls investment and production we are prevented from doing it. We are trapped by the capitalist law of value, living in a miserable shadow of the world we could have.
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Bombing Iran in the middle of negotiations, while starving Cuba, while genociding Palestinians, while threatening to invade Greenland… the US and Israel are the single greatest threat to humanity and it’s not even close. We are all forced to live in the nightmare they create.
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