The world’s companies should be forced to account for Global Heating — Richard Murphy

Head in the sand, so far. Massive denial.

"Capitalize the gains, socialize the losses" is becoming an unsustainable business model.

Tax Research UK
The world’s companies should be forced to account for Global Heating
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Tim Radford — The $70-Trillion Climate Bill Coming Our Way

"But how will we pay for it?"

The bill for all the negative externality that has been socialized is coming due.

Truthdig
The $70-Trillion Climate Bill Coming Our Way
Tim Radford / Climate News Network

Dominique Mosbergen — Insects Are Dying En Masse, Risking ‘Catastrophic’ Collapse Of Earth’s Ecosystems

The insect apocalypse is indeed upon us, according to the first global scientific review of insect population decline.

Another bad omen?

Huff Post
Insects Are Dying En Masse, Risking ‘Catastrophic’ Collapse Of Earth’s Ecosystems
Dominique Mosbergen

Terri Friedline — Want a Green New Deal? Then Challenge Global Capitalism

Capitalism is an economic system that favor capital (ownership) over labor (people) and land (the environment) because capital formulation generates growth and "a rising tide lifts all boats" (trickle down).

Socialism is an economic system that favors labor (people) and land (the environment) over capital (ownership) because the economic system is the life-support system of society and needs to be subjected to the comprehensive needs of society, which are social and political in addition to economic. 

In addition, contemporary "capitalism" is economically inefficient owing to socialization of negative externality and rent extraction facilitated by asymmetries. These asymmetries are social (class structure privilege the ownership class that results in social unrest), political (wealth translates into political power resulting in oligarchy), and economic (income and wealth inequality that result in maldistribution masquerading as "just deserts."

The time has come to reset the balance.

The American Prospect
Want a Green New Deal? Then Challenge Global Capitalism

Terri Friedline

See also

Power to the people. And no, corporations are not people not matter what SOCTUS pronounces.

Fast Company
The Green New Deal is a people-first approach to solving climate change

Eillie Anzilotti

Ollie McAninch — Corporations will rule Governments if TTIP goes ahead

Even if TTIP goes ahead, ISDS needs serious rethinking. It will be interesting to see if the democratically elected Governments have the power or willingness to adhere to the will of the people who elected them, rather than the corporations that fund them.

The London Economic
Corporations will rule Governments if TTIP goes ahead

Ollie McAninch, economist working in journalism

John McMurtry — Beyond the Empire of Chaos: the Life Capital Solution

Weekend reading.

Philosopher John McMurtry explores economics from the perspective of "life capital."

Counterpunch
Beyond the Empire of Chaos: the Life Capital Solution

John McMurtry, University Professor Emeritus of Philosophy at the University of Guelph, Canada and author of the three-volume Philosophy and World Problems published by UNESCO’s Encyclopedia of Life Support Systems (EOLSS). His latest book is The Cancer Stage of Capitalism: from Crisis to Cure.

Jason Hickel — To Save The Economy, We Have To Break Its One Sacred Rule

We must stop worshiping the false god of GDP growth [because "trickle down].

As Joseph Stiglitz has put it, "What we measure informs what we do. And if we’re measuring the wrong thing, we’re going to do the wrong thing."

co.exist
To Save The Economy, We Have To Break Its One Sacred Rule
Jason Hickel

ht Don Quijones at Raging Bull-Shit