Sociology professor and Marxist writer
(born August 15, 1953) is a professor of sociology at the and also editor of . He writes about political economy of capitalism and , ecology and , and .
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Indications of this failure of capitalism are everywhere. Stagnation of investment punctuated by bubbles of financial expansion, which then inevitably burst, now characterizes the so-called free market. Soaring inequality in and wealth has its counterpart in the declining material circumstances of a majority of the population. for most workers in the United States have barely budged in forty years despite steadily rising productivity. has increased, while work and safety protections on the job have been systematically jettisoned. Unemployment data has become more and more meaningless due to a new institutionalized underemployment in the form of contract labor in the gig economy. Unions have been reduced to mere shadows of their former glory as capitalism has asserted totalitarian control over workplaces. With the demise of Soviet-type societies, social democracy in Europe has perished in the new atmosphere of “liberated capitalism.” The capture of the produced by overexploited populations in the poorest regions of the world, via the instituted by multinational corporations, is leading to an unprecedented amassing of financial wealth at the center of the world economy and relative poverty in the periphery.
We are in an emergency situation in the Anthropocene epoch in which the disruption of the Earth system, particularly the climate, is threatening the planet as a place of human habitation. However, our political-economic system, capitalism, is geared primarily to the accumulation of capital, which prevents us from addressing this enormous challenge and accelerates the destruction. have done an excellent and courageous job of sounding the alarm on the enormous dangers of the continuation of business as usual with respect to carbon emissions and other planetary boundaries. But mainstream social science as it exists today has almost completely internalized capitalist ideology; so much so that conventional social scientists are completely unable to address the problem on the scale and in the historical terms that are necessary. They are accustomed to the view that society long ago “conquered” nature and that social science concerns only people-people relations, never people-nature relations. This feeds a where Earth system-scale problems are concerned. Those mainstream social scientists who do address s more often than not do so as if we are dealing with fairly normal conditions, and not a planetary emergency, not a no-analogue situation. There can be no , answer to the dire ecological problems we face, because when looking at the human effect on the planet there is nothing gradual about it; it is a Great Acceleration and a rift in the Earth system. The problem is rising exponentially, while worsening even faster than that would suggest, because we are in the process of crossing all sorts critical thresholds and facing a bewildering number of tipping points.
Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in , , and the most extreme inequality in , accompanied by mass unemployment and , , poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological “death spiral.” The , the greatest technological advance of our time, has rapidly mutated from a promise of free communication and liberated production into new means of surveillance, control, and displacement of the working population. The institutions of liberal democracy are at the point of collapse, while fascism, the rear guard of the capitalist system, is again on the march, along with patriarchy, racism, imperialism, and war.
We have now reached a point in the twenty-first century in which the externalities of this irrational system, such as the costs of war, the depletion of natural resources, the waste of human lives, and the disruption of the planetary environment, now far exceed any future economic benefits that capitalism offers to society as a whole. The accumulation of capital and the amassing of wealth are increasingly occurring at the expense of an irrevocable rift in the social and environmental conditions governing human life on earth.
[M]ajor energy corporations continue to lie about climate change, promoting and bankrolling climate denialism—while admitting the truth in their internal documents. These corporations are working to accelerate the extraction and production of , including the dirtiest, most -generating varieties, reaping enormous profits in the process. The melting of the Arctic ice from global warming is seen by capital as a new , opening up massive additional oil and gas reserves to be exploited without regard to the consequences for the . In response to scientific reports on climate change, Exxon Mobil declared that it intends to extract and sell all of the fossil-fuel reserves at its disposal. Energy corporations continue to intervene in climate negotiations to ensure that any agreements to limit carbon emissions are defanged. Capitalist countries across the board are putting the accumulation of wealth for a few above combatting climate destabilization, threatening the very future of humanity.
Violence against women and the expropriation of their , as well as the higher level of exploitation of their paid labor, are integral to the way in which power is organized in capitalist society—and how it seeks to divide rather than unify the population. More than a third of women worldwide have experienced physical/. , in particular, are objectified, reified, and commodified as part of the normal workings of monopoly-capitalist marketing.
Capitalism is best understood as a competitive class-based mode of production and exchange geared to the accumulation of capital through the exploitation of workers’ labor power and the private appropriation of (value generated beyond the costs of the workers’ own reproduction). The mode of economic accounting intrinsic to capitalism designates as a value-generating good or service anything that passes through the market and therefore produces income. It follows that the greater part of the social and environmental costs of production outside the market are excluded in this form of valuation and are treated as mere negative “externalities,” unrelated to the capitalist economy itself—whether in terms of the shortening and degradation of human life or the destruction of the natural environment.
The mass media-propaganda system, part of the larger corporate matrix, is now merging into a -based propaganda system that is more porous and seemingly anarchic, but more universal and more than ever favoring money and power. Utilizing modern marketing and surveillance techniques, which now dominate all digital interactions, vested interests are able to tailor their messages, largely unchecked, to individuals and their s, creating concerns about “fake news” on all sides. Numerous business entities promising technological manipulation of voters in countries across the world have now surfaced, auctioning off their services to the highest bidders. The elimination of net neutrality in the United States means further concentration, , and control over the entire Internet by monopolistic .
At the instigation of giant corporations, philanthrocapitalist foundations, and neoliberal governments, has been restructured around corporate-designed testing based on the implementation of robotic common-core standards. This is generating massive databases on the student population, much of which are now being surreptitiously marketed and sold. The and privatization of education is feeding the progressive subordination of children’s needs to the cash nexus of the . [...] Having been reduced to intellectual dungeons, many of the poorest, most racially segregated schools in the United States are mere pipelines for prisons or the military.
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Capitalism imposes its laws of motion on the environment, irrespective of the biogeochemical cycles of the planet and the earth’s metabolism, so that it creates rifts or ruptures in the biogeochemical cycles of the Earth system, disrupting ecosystem relations in ways that transcend the mere scale-effects of economic growth. It is this problem of the metabolic rift that is our deepest challenge. Sustainability is more and more compromised at ever higher levels—a continually accelerating threat to civilization and life itself.