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 m… - John Bellamy Foster

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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.

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About John Bellamy Foster

(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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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.

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.

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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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