We Can Fix Climate ChangeIs capitalism the problem? And if that’s the case, what should we do instead? This is a guest video by Hazel Thayer as I have taken July off to work on my new studio.
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AI generated summary based on the video transcript:
Hazel explains that in a profit-driven system, there is no incentive for corporations to care for the environment, and that externalities, such as sewage dumping, are not being internalized. She introduces the concept of degrowth, which suggests that rich countries like the USA have enough stuff and can make less if resources and money are distributed more equitably. Hazel mentions that countries with lower wealth inequality have higher happiness scores and standards of living, and often lower emissions. She points to Scandinavian countries, the Netherlands, New Zealand, Uruguay, Costa Rica, and Bhutan as examples of countries with low wealth inequality, high happiness, and low emissions. These countries have strong social safety nets, democracies, and commitments to get off fossil fuels. Hazel concludes by saying that whether the system is overhauled or modified, there needs to be global cooperation, smart policies, and stronger protections for people and the climate.
