warning: Creating default object from empty value in /home/nefacnet/public_html/modules/taxonomy/taxonomy.pages.inc on line 34.

economy

The Ecological Crisis is an Economic Crisis; the Economic Crisis is an Ecological Crisis

by Wayne Price

How Capitalism has created an Ecological, Energy, and Economic Crisis

The post-WWII boom was based on cheap oil. But oil is nonrenewable, polluting, and causes global warming. It was "cheap" because the capitalists did not pay to prepare for the day when it would be harder to access oil. We have reached that day, which is one aspect of the worldwide crisis of the return to the epoch of capitalist decay.

Syndicate content