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 tha… - John Bellamy Foster

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.

[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.

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.