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John Bellamy Foster explains the ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollar’s worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening. Lynn Fries interviews Foster on GPEnewsdocs. Please donate at https://theanalysis.news/donate/ – we can’t do this without you.
To read the transcript of this video: The Capitalist Solution to ‘Save’ the Planet: Make it an Asset Class & Sell it
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John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. He has written widely on political economy and has established a reputation as a major environmental sociologist. He is the author of Marx’s Ecology: Materialism and Nature (2000), The Great Financial Crisis: Causes and Consequences (with Fred Magdoff, 2009), The Ecological Rift: Capitalism’s War on the Earth (with Brett Clark and Richard York, 2010), and The Theory of Monopoly Capitalism: An Elaboration of Marxian Political Economy (New Edition, 2014), among many others.