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  • The skepticism that has grown up about elites is totally justified. Since 2008, no one has gone to jail on Wall Street for the crash and elites have not been able to fix the problem, right? We haven't managed to fix post manufacturing job growth. We haven't fixed the issues to do with immigration.

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The skepticism that has grown up about elites is totally justified. Since 2008, no one has gone to jail on Wall Street for the crash and elites have not been able to fix the problem, right? We haven't managed to fix post manufacturing job growth. We haven't fixed the issues to do with immigration.

To speak of ‘limits to growth’ under a capitalistic market economy is as meaningless as to speak of limits of warfare under a warrior society. The moral pieties, that are voiced today by many well-meaning environmentalists, are as naive as the moral pieties of multinationals are manipulative. Capitalism can no more be ‘persuaded’ to limit growth than a human being can be ‘persuaded’ to stop breathing. Attempts to ‘green’ capitalism, to make it ‘ecological’, are doomed by the very nature of the system as a system of endless growth.

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