Following a vote by the European Parliament, the Paris climate agreement negotiated late last year has now become legal reality far faster than even the negotiators of the agreement expected. This is good news in an area of science and politics that tends to deliver increasingly grim pronouncements.
A very useful synthesis of what this means for climate politics and the physical reality of climate change is provided in this report by Chris Mooney in the Washington Post. However, as he points out, while climate policy wonks are slapping backs and popping champagne, the implications for climate outcomes this century are not so marvellous. Continue reading Paris and Magical Thinking
Book Review: Climate Change, Capitalism, and Corporations. Processes of Creative Self-Destruction by Christopher Wright and Daniel Nyberg, Capital & Class, 40(2), pp.394-396, doi:10.1177/0309816816661148n
Marc Hudson, Sustainable Consumption Institute, University of Manchester.
In December 2015 world leaders gathered to proclaim climate change was a threat that they were (finally) going to do something about. After two weeks of speeches and haggling, the deal was done, the world saved. Never mind that the text was silent on fossil fuels, and that in the following week the UK government expanded fracking, the US rescinded a forty year old ban on oil exports and Australia gave new permits for coal mines. Those are minor pesky details; corporate capitalism has the best interests of everyone – rich, poor, black, white, the unborn generations to come, other species – at heart. Continue reading Capital & Class Review of Climate Change, Capitalism and Corporations
Last Friday evening I was asked to speak at the international launch of Canadian ecosocialist Ian Angus’ new book Facing the Anthropocene: Fossil Capitalism and the Crisis of the Earth System. The transcript of my address is reproduced below (spoiler – I really liked this book!): Continue reading Launch of Facing the Anthropocene
In researching the climate crisis and our civilization’s inability to respond in any coherent, rational form, I’ve been struck by the way literature (both fiction and non-fiction) often provides insight into our demise.
One side activity here has been to collect quotations from literature, film and elsewhere that resonate for me on these issues. In no particular order I’ve listed some of my favourites below (a few of these featured in our book Climate Change, Capitalism and Corporations: Processes of Creative Self-Destruction). Look forward to receiving suggestions for others to include! Continue reading The climate crisis in quotations
Sustainability has become an increasingly fashionable concept in management education as business schools seek to respond to growing social criticism of business activities. Unfortunately, much of what passes for sustainability teaching involves co-option of the concept of sustainability within existing neoliberal discourse. So, is teaching sustainability in a meaningful way possible in the business school, and if so what might it look like? Recently Daniel Nyberg and I wrote a chapter for a book on Reinventing Management Education that seeks to address this question (you can read a pre-publication version here). What follows is a summary of some of our arguments. Continue reading Teaching sustainability in the business school: Challenging Business As Usual?
Our new book Climate Change, Capitalism and Corporations: Processes of Creative Self-Destruction has been a feature of a number of recent analyses of the climate crisis.
For instance, world-renowned ecologists Anne and Paul Ehrlich recently wrote an article entitled “Faith-Based Economics: The Corporate World and the Survival of Civilization” which critiqued business assumptions of economic growth and neglect of environmental limits. Here they noted:
Corporations are the most organized segment of society that actually believes the message of faith-based economics, although cracks have appeared in the façade. For example two business professors, Christopher Wright and Daniel Nyberg, have just published a book, (Climate Change, Capitalism, and Corporations: Processes of Creative Self-Destruction) that provides a detailed and well-documented account of how corporations are destroying civilization by keeping that faith: the standard business-school/Wall Street message that climate disruption, a result of market success in turning natural resources into stuff and waste, can only be cured by business as usual. Faith-based economics requires continued exploitation of natural resources and continued growth of the global economy. As Wright and Nyberg say:
“…corporate capitalism frames business and markets as the only means of dealing with the crisis, rejecting the need for state regulation and more local democratic options. In essence, the prevailing corporate view is that capitalism should be seen not as a cause of climate change but as an answer to it. A problem brought about by overconsumption, the logic goes, should be addressed through more consumption.”
As Clive Hamilton put it in the introduction to the book, “The hard truth is that these corporations would sooner see the world destroyed than relinquish their power.” Continue reading Recent Commentary on Climate Change, Capitalism and Corporations
There is a disconnect between ever more alarming scientific projections of anthropogenic climate disruption and the contrasting conservatism of mainstream ‘business as usual’ political discourse. This wholly irrational future is the focus of our new book Climate Change, Capitalism and Corporations: Processes of Creative Self-Destruction (Cambridge University Press, 2015). It is a disjuncture that makes imagining economic, let alone social or environmental futures a somewhat bizarre enterprise. Nevertheless, let’s consider the conventional view of our future world as presented by mainstream business and political commentators. Continue reading Challenging ‘Fossil Fuels Forever’
Global businesses, many of them now larger and more powerful than nation states, exhibit enormous sway on humanity’s response to the climate crisis. Indeed, in the lead-up to the Paris climate talks later this month there is growing media focus on so-called business “leadership” on climate change. For instance, just last month Royal Dutch Shell, General Electric, BHP Billiton and management consultancy McKinsey & Co. announced the establishment of a committee to advise governments on how to combat global warming while strengthening economic growth. This follows other announcements such as Unilever’s chief executive officer, Paul Polman, emphasising the need for private sector mobilization to close the shortfall in emission commitments made by governments, as well as Virgin’s CEO Richard Branson who has argued that “our only hope to stop climate change is for industry to make money from it.” Continue reading Corporations and climate change
Recently, Daniel Nyberg and I did an interview with Catherine Zengerer on radio station 2SER’s “On the Money” show about our new book Climate Change, Capitalism and Corporations: Processes of Creative Self-Destruction.
The interview is a good outline of many of the core arguments in our book. As the summary accompanying the interview outlines:
With climate change an impending reality it seems the world has a problem with overconsumption. But according to two business professors we are failing to address the very cause of climate change – capitalism.
Neoliberal economists argue that climate change – a market problem, is addressed by a market solution. But according to Professor Christopher Wright and Professor Daniel Nyberg more consumption is not the solution in a society where the environmental model is often traded off for a business model. Can we have our cake and eat it too?
You can hear the full interview (about 10 minutes) here.
Bill McKibben has argued that “it’s possible that there’s no greater example of corporate irresponsibility than climate change – I mean, these companies melted the Arctic, and then rushed to drill in the open water. ”
With the recent revelations that oil giant Exxon has known about the likely catastrophic impacts of continued fossil fuel use as far back as 1981, it seems McKibben is spot on in his assessment. After all what could be more immoral and irresponsible than knowingly destroying the habitable climate of the only home we have – planet Earth! Continue reading Panel Discussion on Climate Change, Capitalism and Corporations
The University of Sydney Business School recently featured the new book that Daniel Nyberg and I have authored Climate Change, Capitalism and Corporations: Processes of Creative Self-destruction as part of their Research Highlights series. The book is presented as “a sobering yet hopeful account of how corporate myths have slowed our response to human-caused climate change, and what we can do about it.” You can view the PDF of the story here and the video is below.
On Tuesday last week at RMIT in Melbourne, leading public intellectual and La Trobe University Emeritus Professor, Robert Manne launched our new book Climate Change, Capitalism and Corporations. We are indebted to Robert for agreeing to launch our book, as he has been one of the most articulate and considered commentators confronting the issue of climate change and its poisoned political legacy.
Robert’s regular analyses of climate politics had a deep impact on my own thinking about the climate crisis. In particular, I remember having started the research that would result in our book back in 2010, reading one of Robert’s insightful analyses of the political impasse over climate change in The Monthly magazine during a trip to Europe. As the train hurtled through the countryside between Frankfurt and Amsterdam, I looked up from the article to see row upon row of wind turbines turning in the late afternoon sunlight; the contrast with fossil fuel addicted Australia couldn’t have been more obvious. Continue reading Robert Manne Launches Climate Change, Capitalism and Corporations
Leading public intellectual and Professor of Public Ethics at Charles Sturt University, Clive Hamilton very generously wrote the excellent Foreword to our new book Climate Change, Capitalism and Corporations: processes of Creative Destruction. Below is an adapted version of that Foreword recently published in The Conversation.
In his 2006 landmark report on how we should respond to the climate crisis, Nicholas Stern characterised global warming as an ‘externality’, a damage to others due to market activity whose cost is not met by those who cause it. Continue reading Creative Self-Destruction and the Climate
Our new book Climate Change, Capitalism, and Corporations: Processes of Creative Self-Destruction has just been published. Based on research that Daniel Nyberg and I have been conducting over the last 6 years, the book explores the complex relationship that the corporate world has with climate change and the central role corporations play in shaping political and social responses to the climate crisis.
In the book, we explore the different processes through which corporations engage with climate change. The principal message is that despite the need for dramatic economic and political change, corporate capitalism continues to rely on the maintenance of ‘business as usual’. As outlined in this short summary in The Conversation this involves the myth that ‘green’ capitalism is a viable response to the climate crisis. This response enables the incorporation of critique and the maintenance of corporate capitalism despite the dire environmental consequences. Continue reading New book on Climate Change, Capitalism and Corporations