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Destroy what destroys the planet : Steering creative destruction in the dual crisis

Warlenius, Rikard LU and Holgersen, Ståle LU (2016) In capital & class 40(3). p.511-532
Abstract (Swedish)
In the contemporary dual crisis, economic crisis policies cannot be dealt with in isolation from the rampant and acute ecological crisis – and vice versa. In this article, we challenge the hegemonic positions in purported attempts to solve the crises so far: in the economic realm, the Keynesian episode of 2008–2009 as well as austerity policies, and with regard to the ecological crisis, ecological modernization and green economy. Instead, we will propose that both the economic and the climate crises can be ‘solved’ through the destruction of a particular kind of capital, that is, fossil capital. Given that capital destruction in general seems to be an essential part of overcoming capitalist crises historically and given the urgent need to... (More)
In the contemporary dual crisis, economic crisis policies cannot be dealt with in isolation from the rampant and acute ecological crisis – and vice versa. In this article, we challenge the hegemonic positions in purported attempts to solve the crises so far: in the economic realm, the Keynesian episode of 2008–2009 as well as austerity policies, and with regard to the ecological crisis, ecological modernization and green economy. Instead, we will propose that both the economic and the climate crises can be ‘solved’ through the destruction of a particular kind of capital, that is, fossil capital. Given that capital destruction in general seems to be an essential part of overcoming capitalist crises historically and given the urgent need to demolish large parts of the fossil infrastructure in order to avert climate change, we discuss in this article the possibilities to politically steer the processes of creative destruction so that crises policies benefit the economy and the environment to highest possible extent.
(Less)
Abstract
In the contemporary dual crisis, economic crisis policies cannot be dealt with in isolation from the rampant and acute ecological crisis – and vice versa. In this article, we challenge the hegemonic positions in purported attempts to solve the crises so far: in the economic realm, the Keynesian episode of 2008–2009 as well as austerity policies, and with regard to the ecological crisis, ecological modernization and green economy. Instead, we will propose that both the economic and the climate crises can be ‘solved’ through the destruction of a particular kind of capital, that is, fossil capital. Given that capital destruction in general seems to be an essential part of overcoming capitalist crises historically and given the urgent need to... (More)
In the contemporary dual crisis, economic crisis policies cannot be dealt with in isolation from the rampant and acute ecological crisis – and vice versa. In this article, we challenge the hegemonic positions in purported attempts to solve the crises so far: in the economic realm, the Keynesian episode of 2008–2009 as well as austerity policies, and with regard to the ecological crisis, ecological modernization and green economy. Instead, we will propose that both the economic and the climate crises can be ‘solved’ through the destruction of a particular kind of capital, that is, fossil capital. Given that capital destruction in general seems to be an essential part of overcoming capitalist crises historically and given the urgent need to demolish large parts of the fossil infrastructure in order to avert climate change, we discuss in this article the possibilities to politically steer the processes of creative destruction so that crises policies benefit the economy and the environment to highest possible extent. (Less)
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author
organization
alternative title
Förstör det som förstör planeten : Att styra kreativ förstörelse i den dubbla krisen
publishing date
type
Contribution to journal
publication status
published
subject
keywords
austerity, climate change, creative destruction, dual crisis, economic crisis, green economy, green new deal
in
capital & class
volume
40
issue
3
pages
22 pages
publisher
Conference of Socialist Economists
external identifiers
  • scopus:84994627143
ISSN
0309-8168
DOI
10.1177/0309816816667424
language
English
LU publication?
yes
id
501c198c-f58b-47da-92a9-6ce881fc3ce9
date added to LUP
2016-10-24 21:00:55
date last changed
2017-04-10 10:34:27
@article{501c198c-f58b-47da-92a9-6ce881fc3ce9,
  abstract     = {In the contemporary dual crisis, economic crisis policies cannot be dealt with in isolation from the rampant and acute ecological crisis – and vice versa. In this article, we challenge the hegemonic positions in purported attempts to solve the crises so far: in the economic realm, the Keynesian episode of 2008–2009 as well as austerity policies, and with regard to the ecological crisis, ecological modernization and green economy. Instead, we will propose that both the economic and the climate crises can be ‘solved’ through the destruction of a particular kind of capital, that is, fossil capital. Given that capital destruction in general seems to be an essential part of overcoming capitalist crises historically and given the urgent need to demolish large parts of the fossil infrastructure in order to avert climate change, we discuss in this article the possibilities to politically steer the processes of creative destruction so that crises policies benefit the economy and the environment to highest possible extent.},
  author       = {Warlenius, Rikard and Holgersen, Ståle},
  issn         = {0309-8168},
  keyword      = {austerity,climate change,creative destruction,dual crisis,economic crisis,green economy,green new deal},
  language     = {eng},
  month        = {10},
  number       = {3},
  pages        = {511--532},
  publisher    = {Conference of Socialist Economists},
  series       = {capital & class},
  title        = {Destroy what destroys the planet : Steering creative destruction in the dual crisis},
  url          = {http://dx.doi.org/10.1177/0309816816667424},
  volume       = {40},
  year         = {2016},
}