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12.02.26 - 20:00
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We can move beyond the capitalist model and save the climate – here are the first three steps | Jason Hickel and Yanis Varoufakis (The Guardian)
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Capitalism cares about our species' prospects as much as a wolf cares about a lamb's. But democratise our economy and a better world is within our graspWe have an urgent responsibility. Our existing economic system is incapable of addressing the social and ecological crises we face in the 21st century. When we look around we see an extraordinary paradox. On the one hand, we have access to remarkable new technologies and a collective capacity to produce more food, more stuff than we need or that the planet can afford. Yet at the same time, millions of people suffer in conditions of severe deprivation.What explains this paradox? Capitalism. By capitalism we do not mean markets, trade and entrepreneurship, which have been around for thousands of years before the rise of capitalism. By capitalism we mean something very odd and very specific: an economic system that boils down to a dictatorship run by the tiny minority who control capital – the big banks, the major corporations and the 1% who own the major...
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12.02.26 - 09:24
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Economics has failed on the climate crisis. This complexity scientist has a plan to fix that (The Guardian)
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Doyne Farmer says a super-simulator of the global economy would accelerate the transition to a green, clean worldIt's a mind-blowing idea: an economic model of the world in which every company is individually represented, making realistic decisions that change as the economy changes. From this astonishing complexity would emerge forecasts of unprecedented clarity. These would be transformative: no more flying blind into global financial crashes, no more climate policies that fail to shift the dial.This super simulator could be built for what Prof Doyne Farmer calls the bargain price of $100m, thanks to advances in complexity science and computing power. Continue reading......
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