The 21st Century Crisis

Abstract

Under the current trend, the world is on track towards an extreme greenhouse state that threatens to destroy human civilization and nearly all forms of life on Earth. Without an end to economic growth, it is virtually impossible for meaningful climate stabilization to be achieved. However, both capitalist enterprises and states are constantly driven to expand production and consumption. The climate change crisis is but one of several long-term historical trends that are now leading to the structural crisis of capitalism. The resolution of the crisis and the survival of humanity require the building of a fundamentally different social system.

JEL classification: B51, P16, P20, Q54