Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

It’s easy to get lost in the weeds here and lose sight of the essential. In each of these scenarios, on each of these sad, warming planets, the Green New Deal fails because capitalism. Because, in capitalism, a small class of owners and managers, in competition with itself, finds itself forced to make a set of narrow decisions about where to invest and in what, establishing prices, wages, and other fundamental determinants of the economy. Even if these owners wanted to spare us the drowned cities and billion migrants of 2070, they could not. They would be undersold and bankrupted by others. Their hands are tied, their choices constrained, by the fact that they must sell at the prevailing rate or perish. It is the class as a whole that decides, not its individual members. This is why the sentences of Marxists (and Marx) so often treat capital as agent rather than object. The will towards relentless growth, and with it increasing energy use, is not chosen, it is compelled, a requirement of profitability where profitability is a requirement of existence.

If you tax oil, capital will sell it elsewhere. If you increase demand for raw materials, capital will bid up the prices of commodities, and rush materials to market in the most wasteful, energy-intensive way. If you require millions of square miles for solar panels, wind farms, and biofuel crops, capital will bid up the price of real estate. If you slap tariffs on necessary imports, capital will leave for better markets. If you try to set a maximum price that doesn’t allow profit, capital will simply stop investing. Lop off one head of the hydra, face another. Invest trillions of dollars into infrastructure in the US and you’ll have to confront the staggeringly wasteful, slow, and unproductive construction industry, where laying a mile of subway can be twenty times as expensive and take four times as long. You’ll have to confront the earthen monsters of Bechtel and Fluor Corp., habituated to feeding at the government trough and billing fifty dollar screws. If this doesn’t chasten you, consider the world-historical inefficiency of the US military, the planet’s biggest oil consumer and, unsurprisingly, also the planet’s main oil cop. The Pentagon is an accounting black hole, into which the wealth of the nation is ploughed and from which no light emerges. Its balance sheet is a blank.

surely this leaves out the possibility of a subtle but important shift in systemic behavior due to changing social attitudes and legislation?

—p.58 Between the Devil and the Green New Deal (46) by Jasper Bernes 3 years, 4 months ago