Capitalism

“The rich are different from us,” F. Scott Fitzgerald is said to have remarked to Ernest Hemingway, to which Hemingway allegedly replied, “Yes, they have more money.” The exchange, although it never actually took place, sums up a wisdom Fitzgerald had that eluded Hemingway. The rich are different. The cocoon of wealth and privilege permits the rich to turn those around them into compliant workers, hangers-on, servants, flatterers and sycophants.

People who own the world outright for profit will have to be stopped; by influence, by power, by us. — Wendell Berry1 The need for more studies confirming that we’re approaching an irreversible ecological crisis, the tipping point beyond human control, is over. James Hansen, the world’s most eminent climatologist is so certain of this evidence that he’s added civil disobedience to his resistance repertoire. Along with legal challenges, expert testimony and lobbying governments, the 72-year-old grandfather advocates direct action by a mobilized citizenry.

For years, energy analysts had been anticipating an imminent decline in global oil supplies.  Suddenly, they’re singing a new song: Fossil fuels growing scarce?  Don’t even think about it!  The news couldn’t be better: fossil fuels will become ever more abundant.  And all that talk about climate change?  Don’t worry about it, they chant.  Go out and enjoy the benefits of cheap and plentiful energy forever.

A campaign to persuade investors to take their money out of the fossil fuel sector is growing faster than any previous divestment campaign and could cause significant damage to coal, oil and gas companies, according to a study from the University of Oxford. The report compares the current fossil fuel divestment campaign, which has attracted 41 institutions since 2010, with those against tobacco, apartheid in South Africa, armaments, gambling and pornography.