Is “Only Profit Driven” Capitalism Causing Bad Spiral of Climate Change? How Socialism with “Minimum Profit” Can Save the Earth.

As the relentless march of capitalism accelerates environmental degradation, a shift towards socialism with minimal capitalist influence may be our last hope to preserve the planet and secure humanity’s future.

Praveen Kumar
Write A Catalyst
7 min readJun 3, 2024

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Environmental degradation convoluting nature’s devastation in small or big magnitude, marked by the deterioration of the earth’s natural ecosystems, can be traced through various phases of human development since fire and wheel were discovered. 😔

Unarguably, we now know that humans have impacted the environment for thousands of years, and the acceleration of environmental degradation can be closely tied to the rise of subtle acts of capitalism. 🤨

To understand this connection, it’s important to explore how capitalism started rising in theory and finally in acts of society, has historically contributed to environmental problems, and why a shift towards socialism, with limited capitalist elements, should be essential for preserving the environment.💁‍♀️

The Onset of Environmental Degradation……..

Human activities have impacted the environment since the dawn of civilization! 🏇🏻

The advent of agriculture around 10,000 years ago led to slow deforestation and soil depletion which later on got accepted as standard practice without any guilt and thus strict regulations.🪸

However, the Industrial Revolution of the 18th century marked a significant turning point, introducing mass production and mechanized industry, which drastically increased the human footprint on the incremental ruining of the environment.🦾

Capitalism and Environmental Exploitation:

Capitalism, characterized by private ownership with the only single target of the pursuit of profit as a measure of growth and success, has significantly exacerbated environmental degradation. 🏭

The key elements through which capitalism has impacted the environment include:

Resource Extraction: Capitalist economies prioritize economic growth, often leading to over-extraction of natural resources. ⚒️

Forests are cleared for timber and agricultural land, minerals are extensively mined, and fossil fuels are consumed at unprecedented rates. This relentless extraction causes habitat destruction, loss of biodiversity, and increased greenhouse gas emissions.🛢️

Example: The Amazon Rainforest, often referred to as the “lungs of the Earth,” has faced extensive deforestation due to logging, agriculture, and mining driven by capitalist markets. This has led to significant biodiversity loss and contributed to climate change.🌲

Industrialization and Pollution: Capitalist industrial processes generate vast amounts of waste and pollutants.

Factories discharge chemicals into rivers, industrial farming releases harmful nitrates into the soil and water, and the burning of fossil fuels emits carbon dioxide and other pollutants into the atmosphere.💣

Example: The Cuyahoga River in Ohio famously caught fire multiple times due to industrial pollution, highlighting the severe environmental impacts of unchecked industrial activities.😥

Consumerism: Capitalism promotes a culture of continuous consumption, where economic success is measured by increased production and sales. This consumerist culture leads to the overproduction of goods, extensive use of non-renewable resources, and significant waste generation.👒

Example: The fashion industry, driven by fast fashion trends, produces enormous amounts of waste and pollution, including textile waste and chemical runoff.

Historical Data and Trends

Deforestation: According to the Food and Agriculture Organization (FAO), since 1990, the world has lost 178 million hectares of forest. This deforestation is primarily driven by the need for industrial, agricultural, and recreational land and timber, both essential for capitalist economies.🏞️

Greenhouse Gas Emissions: The Intergovernmental Panel on Climate Change (IPCC) reports that global carbon dioxide emissions from fossil fuels have increased by over 400% since 1950, correlating with the rise of industrial capitalism.🏭

Biodiversity Loss: The Living Planet Report 2020 by WWF indicates that wildlife populations have declined by 68% on average since 1970. This decline is largely due to habitat destruction, pollution, and climate change, all exacerbated by capitalist economic activities.🦘

Photo by Chewy on Unsplash

The Case for Socialism and Environmental Preservation

Socialism, with its emphasis on communal ownership and equitable resource distribution, presents a potential solution to environmental degradation. 🟰

Key aspects are:

Resource Management: Socialism advocates for the collective ownership of resources, leading to more sustainable management practices. Prioritizing communal benefit over individual profit can result in judicious resource use, reducing over-extraction and waste.🗑️

Example: In Cuba, despite economic challenges, the government has implemented successful sustainable agriculture practices. The country focuses on organic farming and local food production, reducing its environmental footprint.👩‍🌾

Environmental Regulation: Socialist policies often include stringent environmental regulations that limit pollution and resource depletion. Government control ensures that industries adhere to sustainable practices, mitigating adverse effects seen in capitalist economies.

Example: Scandinavian countries, which integrate socialist principles into their economic policies, have robust environmental regulations and invest heavily in renewable energy. These countries demonstrate that a blend of socialism and capitalism can lead to sustainable practices.⚡

Economic Equality: Reducing economic inequality through socialist policies can decrease the consumption-driven demand that fuels environmental degradation. Equitable access to resources reduces the pressure to overproduce and overconsume.

Example: In Norway, policies that promote economic equality have resulted in a balanced approach to consumption, reducing the environmental impact compared to more consumption-driven economies.🤓

It is now a fact that the environmental degradation witnessed over the past centuries is closely linked to the rise of capitalism! 💀

The relentless pursuit of profit has led to the over-exploitation of natural resources, industrial pollution, and rampant consumerism.

The need for the next century is adopting socialist principles — focusing on communal ownership, stringent regulation, and economic equality — can provide a pathway to preserving the environment.💸

By minimizing capitalist elements, humanity can keep growing with sustainable practices that ensure the health of our planet and the well-being of future generations.

What Can Be Done Now & Kept Doing for Longer than Ever?

To ensure the preservation of our environment and the survival of humanity, we must not only advocate for policies that integrate the sustainable and equitable principles of socialism but also get those implemented in democratic ways by choosing authorities with a larger vision than just the growth of crony profit-making corporations. 💥

Here’s how we can take actions:

Community Ownership and Localized Production

Community Ownership:

  • Historical Example: In Cuba, the government implemented agrarian reforms that redistributed land to cooperatives and small farmers. This not only improved food security but also promoted sustainable farming practices.✔️
  • Practical Approach: Encourage community-owned renewable energy projects. Communities can collectively invest in solar panels or wind turbines, reducing reliance on fossil fuels and lowering greenhouse gas emissions.

Localized Production:

  • Historical Example: During the Soviet era, the emphasis on local production reduced the need for long-distance transportation, cutting down on carbon emissions.
  • Practical Approach: Promote local agriculture through farmer’s markets and urban gardens. This reduces the carbon footprint associated with food transport and supports local economies.🧑‍🌾

Emphasis on Public Goods and Services

Public Transportation:

  • Historical Example: Scandinavian countries, with strong social welfare systems, have extensive and efficient public transport networks that reduce car usage and emissions.
  • Practical Approach: Invest in robust public transportation systems. Subsidized or free public transport encourages people to leave their cars at home, reducing traffic congestion and air pollution.🏭

Healthcare and Education:

  • Historical Example: The UK’s National Health Service (NHS) and public education systems have provided accessible services, ensuring that economic barriers do not prevent people from accessing essential services.
  • Practical Approach: Integrate environmental education into public school curricula. Educate the younger generation on sustainable practices and the importance of environmental stewardship.🎓

Regulation and Corporate Accountability

Stringent Environmental Regulations:

  • Historical Example: The Clean Air Act in the United States, though implemented in a capitalist context, shows how government intervention can significantly reduce pollution levels.
  • Practical Approach: Enforce strict environmental regulations on corporations. Ensure that industries adhere to sustainable practices and penalize those that pollute or degrade the environment.🔞

Corporate Accountability:

  • Historical Example: The Mondragon Corporation in Spain, a worker cooperative, operates on principles of social responsibility and environmental sustainability.
  • Practical Approach: Promote worker cooperatives and socially responsible businesses. These entities prioritize environmental sustainability and community welfare over profit maximization.#️⃣

Redistribution of Resources

Equitable Resource Distribution:

  • Historical Example: Venezuela’s land reform policies redistributed land to peasants, promoting more equitable land use and reducing deforestation for industrial agriculture.
  • Practical Approach: Implement policies that redistribute wealth and resources with acceptable and rational guidelines. Use taxes on the wealthy and corporations to fund environmental conservation projects and renewable energy initiatives.🪜

Sustainable Development Goals (SDGs):

  • Historical Example: The United Nations’ SDGs, adopted globally, emphasize social equity and environmental sustainability.
  • Practical Approach: Align national policies with the SDGs. Focus on sustainable cities, clean energy, and responsible consumption and production to achieve a balance between development and environmental conservation.🍒

By collectively taking these actions, we can contribute to a more sustainable future and ensure the health of our planet for generations to come.

To safeguard our environment and ensure a sustainable future, we must adopt socialistic practices that prioritize community ownership, public goods, corporate accountability, and equitable resource distribution.💂

Governments, businesses, and individuals can all contribute to this transformation:

  • Governments: Implement and enforce stringent environmental regulations, invest in public services, and promote local production.🌟
  • Businesses: Adopt sustainable practices, reduce carbon footprints, and contribute to community welfare.🌟
  • Individuals: Support local and sustainable businesses, reduce personal carbon footprints, and advocate for policies that prioritize environmental sustainability.🌟

The future of our environment depends on the affirmed choices we make today. Let’s choose sustainability, equity, and preservation over unchecked profit and exploitation.🪨

I hope you liked the story and it gave you something to think about.

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Praveen Kumar
Write A Catalyst

An Engineer with artistic thoughts striving to enhance knowledge of past, awareness of present & Idea of future on place, event & people which matter most.