A Quote by Paul Craig Roberts

If it turns out that global warming and ocean acidification are consequences of capitalism's carbon-based energy system, the entire world could end up dead from the external costs of capitalism.
Ocean acidification is caused by the ocean absorbing excess carbon dioxide from the atmosphere, the same carbon dioxide that is the primary cause of global warming, hence the nickname 'the other carbon problem.' As they do so, the oceans become more acidic with terrible consequences.
I think global warming is the gravest threat. With global warming, it's the product of a war between old energy - between the carbon cronies, who, by the way, could not stay in business in a true free market capitalism.
Nothing is as daunting as the threats associated with global warming. That's the biggie. Everyone bangs on about rising sea levels but the real challenge of a warming planet is ocean acidification. An acid ocean spells the end of life on earth.
I don't think the western world is questioning capitalism. Capitalism as a concept is not something that society has written off. But today, there is degree of caution around capitalism. We believe in compassionate capitalism. Growth for growth's sake can never be an end in itself.
Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.
Sooner or later we will reach a point where communitarian socialism turns global because capitalism is not even the solution to capitalism itself.
Coral reefs, the rain forest of the ocean, are home for one-third of the species of the sea. Coral reefs are under stress for several reasons, including warming of the ocean, but especially because of ocean acidification, a direct effect of added carbon dioxide. Ocean life dependent on carbonate shells and skeletons is threatened by dissolution as the ocean becomes more acid.
Socialism may have failed as an economic theory, but global warming alarmism, with its dire warnings about the consequences of industry and consumerism, is equally a rebuke to capitalism.
I wish we could grow up about it, I'm sure we are contributing to global warming, and we must do all we can to reduce that, but our climate has always changed. The Romans had vineyards in Yorkshire. We're all on this bandwagon of 'Ban the 4x4 in Fulham'. Why didn't we have global warming during the Industrial Revolution? In those days you couldn't have seen across the street for all the carbon emissions and the crap coming out of the chimneys.
We thus find ourselves in the situation that the entire theory of man-made global warming-with its repercussions in science, and its important consequences for politics and the global economy-is based on ice core studies that provided a false picture of the atmospheric CO2 levels.
The burning of fossil fuels has altered the amount of carbon dioxide in the atmosphere so rapidly and so abundantly that now, we are driving not just the warming trend, not just the sea level rise that is a consequence of the warming trend that is melting polar ice and alpine ice, but also [ocean acidification].
Centuries-old habitats such as coral gardens are destroyed in an instant by bottom trawls, pulverized by weighted nets into barren plains. And global carbon dioxide emissions from human activity affect the ocean, changing the pH balance of the waters in a phenomenon known as ocean acidification.
Ocean acidification - the excess carbon dioxide in the atmosphere that is turning the oceans increasingly acid - is a slow but accelerating impact with consequences that will greatly overshadow all the oil spills put together. The warming trend that is CO2-related will overshadow all the oil spills that have ever occurred put together.
Capitalism is like this fractal thing where anything that contains an element of capitalism anywhere inside it is just something that turns into capitalism. It is an incredibly defeatist attitude. If you choose to look at reality that way, I suppose you can, but you have to do enormous violence to reality to do so consistently.
For a long time, the scientists have been telling us global warming increases the temperature of the top layer in the ocean, and that causes the average hurricane to become a lot stronger. So, the fact that the ocean temperatures did go up because of global warming, because of man-made global warming, starting around in the '70s, and then we had a string of unusually strong hurricanes outside the boundaries of this multi-decadal cycle that is a real factor; there are scientists who point that out, and they're right, but we're exceeding those boundaries now.
Capitalism has proven to be the only system that works, but the problem with capitalism is that extreme wealth ends up in the hands of a few people.
This site uses cookies to ensure you get the best experience. More info...
Got it!