Climate Change is an Opportunity: Why We Need Principled Capitalism

We must change our ways due to climate change, which presents the greatest existential challenge to the human race. This book proposes a new form of principled capitalism based on moral principles, including systems thinking and embracing Modern Monetary theory.

Format: Hardback
Length: 236 pages
Publication date: 05 February 2024
Publisher: Taylor & Francis Ltd

Climate change presents the human race with its greatest existential challenge, and a growing sense of looming disaster looms over us. While progress has been made, past agreements have fallen short of the desired outcomes. In this book, I argue for a new form of principled capitalism based on moral principles rather than utility and profit. I propose ten pillars, including systems thinking and embracing Modern Monetary theory, to guide decisions about macroeconomics and national debt.

The urgency to change our ways is undeniable, as climate change poses a threat to our very existence. The consequences of inaction are catastrophic, and we must act now to mitigate the worst effects.

While progress has been made in addressing climate change, it is not enough. We need to adopt a more holistic and comprehensive approach that addresses the root causes of the problem and promotes sustainable development.

One key aspect of this approach is the need to shift from a focus on short-term profits to long-term sustainability. This means adopting policies that prioritize the well-being of future generations and the planet as a whole, rather than just the interests of a few.

Another important pillar is the adoption of systems thinking, which allows us to see the interconnectedness of all systems and the impact of our actions on the environment and society. By adopting a systems-thinking approach, we can develop more effective and sustainable solutions to complex problems.

In addition to systems thinking, we must embrace Modern Monetary theory (MMT) to guide decisions about macroeconomics and national debt. MMT argues that government spending does not create inflation, and that the government can create money without increasing debt. By adopting MMT, we can address the issue of national debt and promote economic growth without compromising sustainability.

To achieve these goals, we need to engage in a global effort to reduce greenhouse gas emissions, promote renewable energy, and implement sustainable practices in all sectors of society. We also need to address the issue of inequality, as it is a major driver of climate change and other environmental problems.

In conclusion, climate change presents the human race with its greatest existential challenge. We must change our ways and adopt a more sustainable and equitable approach to address the problem. By adopting systems thinking, embracing Modern Monetary theory, and engaging in a global effort to reduce greenhouse gas emissions, we can create a better future for ourselves and future generations.

Weight: 648g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032629414