Prince Charles has called for an end to capitalism as we know it in order to save the planet from global warming.
In a speech to business leaders in London, the Prince said that a “fundamental transformation of global capitalism” was necessary in order to halt “dangerously accelerating climate change” that would “bring us to our own destruction”.
We’ve actually spent quite a bit of time and effort, as a species, having a look into this. What do we need to do as a species to maximise the personal utility of all humans over time? What gives us the best society in short?
And the answer is a world of globalised capitalism, but one that has moved from fossil fuels to other energy collection and or generation methods. And that’s it. This really is the answer that the SRES and the IPCC and the Stern and all the rest of the reports come up with.
Regionalised or localised, rather than global, economies produce worse results. Socialist or social democratic societies produce worse results. Both in terms of future living standards (always) and in terms of carbon emissions and thus climate change (almost always).
Or, as I once wrote a whole book pointing out, all we need or want is globalised capitalism and a carbon tax.