CAPITALISM TO THE RESCUE (March 29, 2014)
The United Nations’ Intergovernmental Panel on Climate Change is boxing clever as of late. Its last report, which is to be released any day now, is warning of the drop in global growth and crop yields. In short, the cost of climate change is coming into focus at long last. Judging by the top financial newspapers around the world, investors are starting to pay attention. It is high time, too. Where there are costs for some, there must also be benefits for others. And there is much money yet to be made from climate change. Revolutionary as capitalism has been from the very start, and Marx is my witness, the dominant socio-economic system is here to solve all of our problems, climate change included. Hooray! For the time being, congratulations must go to IPCC, though. Cost is the word to cherish. The clever scientists have turned another leaf in the nick of time. As for climate change, it is as good as history already.