First capitalism is a euphemism for capital supremacism.
there will be restructuring responding to the crisis, maybe even austerity and bailouts like in 2008 (which, mind you, didn’t end capitalism)
2008 bailouts and QE in US was capitalist supremacism through saving banks. Global warming is simply magnitudes of repeating disasters that makes bailouts too big to be credible such that capitalist supremacism cannot be saved. It’s also not an opportunity for big private sector to buy cheap while waiting for a rebound. Global warming means economic collapse. Furthermore, it’s not “free socialized insurance” for people that can help prevent collapse.
OP could have said “financialized economy” will be destroyed by global warming.
First capitalism is a euphemism for capital supremacism.
2008 bailouts and QE in US was capitalist supremacism through saving banks. Global warming is simply magnitudes of repeating disasters that makes bailouts too big to be credible such that capitalist supremacism cannot be saved. It’s also not an opportunity for big private sector to buy cheap while waiting for a rebound. Global warming means economic collapse. Furthermore, it’s not “free socialized insurance” for people that can help prevent collapse.
OP could have said “financialized economy” will be destroyed by global warming.