The consequences of capitalism and a new approach forward.

What is capitalism?
Capitalism is the political and economic system that is controlled by private ownership – dictating shipping, manufacturing and distribution – to gain profits and divorce control from the state. The main principles of capitalism include capital accumulation, private control of operations, competition, voluntary exchange, wage labour and property rights recognition. The race for larger distribution of goods has led companies to flatten the global environment by extracting natural resources at completely unsustainable rates. Over the past decade it has become clear to leading scientists, journalists and economists, that in order to halt climate change, we must change our relationship to work, capital and ownership.

The ecological, societal and economic ramifications of climate change.

The USGS (United States Geological Survey) explains that climate change is the long-term effects on the climate – from precipitation levels to wind patterns and temperature. The UN (United Nations) mentions that climate change can also be caused by environmental activity – disassociated with humans – and in fact, there is evidence to suggest nature, too, plays a role in altering the climate. Conversely, global warming is one element of climate change as it only represents the average increase in surface temperatures.