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.

An understanding of the failure of capitalism, beginning in the twentieth century, requires a historical examination of the rise of neoliberalism, and how this has only served to increase the destructiveness of the system. Only then can we address the future of humanity in the twenty-first century.

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[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.

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Right now alternative energy is still treated as a supplement rather than a substitute for fossil fuels within the as presently constituted. The rapid growth of alternative energy should not therefore be seen as a radical break with the domination of fossil fuels. That still needs to occur.

With Trump neofascism has entered the —its aim is a different way of managing the capitalist economy. It is both a break with neoliberalism and at the same time its successor on the right—a sign of the deep crisis of our times. Not only does the administration stand for climate denialism and has declared environmentalist enemies of the people, it is also threatening to undermine liberal democracy, and is attacking the racially oppressed, immigrants, women, LGBTQ people, environmentalists, and workers. The resistance movement to this thus needs to be a defense of humanity itself in all of its aspects.

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.

Socialists have all too often failed to take ecological issues seriously enough. However, this is not a fault of socialists alone, as the fault applies even more to the liberal tradition taken as a whole. But whatever we choose to say about socialism in the twentieth century, it has to be emphasized that no one can be truly socialist and indeed Marxist in the twenty-first century and fail to acknowledge the full severity of the planetary ecological crisis. We are either at the forefront of the struggle to protect the earth as a place of human habitation (and as a home for innumerable species) or we are on the side of the system’s creative exterminism of the Earth system as we know it.

[C]hinese development has its roots in the 1949 Chinese Revolution, carried out by the headed by Mao Zedong, whereby it liberated itself from the imperialist system. This allowed it to develop for decades under a planned economy largely free of constraints from outside forces, establishing a strong agricultural and industrial economic base. This was followed by a shift in the post-Maoist reform period to a hybrid system of more limited state planning along with a much greater reliance on market relations (and a vast expansion of debt and speculation) under conditions—the globalization of the world market—that were particularly fortuitous to its “catching up.” Through s and other pressures aimed at destabilizing China’s position in the world market, the United States is already seeking to challenge the bases of China’s growth in world trade. China, therefore, stands not so much for the successes of but rather for its inherent limitations. The current Chinese model, moreover, carries within it many of the destructive tendencies of the system of capital accumulation. Ultimately, China’s future too depends on a return to the process of revolutionary transition, spurred by its own population.

To say that capitalism is a failed system is not, of course, to suggest that its breakdown and disintegration is imminent. It does, however, mean that it has passed from being a historically necessary and creative system at its inception to being a historically unnecessary and destructive one in the present century.