CAPITALISM WITHOUT LIMITS (May 13, 2014)

The Financial Times is quite funny today. “European stocks hit six-year high,” blares the newspaper at the top of the page. Right next to this happy note there is a picture of melting ice in high mountains. “Melting glaciers threaten sea levels,” the caption announces. To wit, stockmarkets are not affected by climate change. Not a bit. The way unbridled capitalism works, climate change will have no impact whatsoever on stockmarkets. “Accumulate, accumulate,” I remember good old Marx at once. Chances are that climate change will only give new wings to capitalism without limits. Up to a point, that is. The earth is the ultimate limit.