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Neoliberal Capitalism Has Nearly Broken Planet Earth

Posted on 2015/01/17 - 2015/01/17 by jd

When can we say the C-word, and after that the S-word?

“It is difficult to overestimate the scale and speed of change. In a single lifetime humanity has become a geological force at the planetary-scale,” said Steffen, who also led the Acceleration study.

The conclusion that the world’s dominant economic model—a globalized form of neoliberal capitalism, largely based on international trade and fueled by extracting and consuming natural resources—is the driving force behind planetary destruction will not come as a shock, but the model’s detailed description of how this has worked since the middle of the 20th century makes a more substantial case than many previous attempts.

“When we first aggregated these datasets, we expected to see major changes but what surprised us was the timing. Almost all graphs show the same pattern. The most dramatic shifts have occurred since 1950. We can say that around 1950 was the start of the Great Acceleration,” says Steffen. “After 1950 we can see that major Earth System changes became directly linked to changes largely related to the global economic system. This is a new phenomenon and indicates that humanity has a new responsibility at a global level for the planet.”

via That Was Easy: In Just 60 Years, Neoliberal Capitalism Has Nearly Broken Planet Earth.

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