Nature as a Mode of Accumulation

Capitalism and the Financialization of the Earth

Authors

  • John Bellamy Foster

DOI:

https://doi.org/10.14452/MR-073-10-2022-03_1

Keywords:

Climate Change, Capitalism, Marxist Ecology, Ecology, Political Economy

Abstract

From September to November 2021, overlapping with the 2021 UN Climate Change Conference negotiations in Glasgow, three major interrelated developments occurred in global finance. Taken together, these changes mark a turning point in the financial expropriation of the earth and the culmination of a theoretical shift in the dominant economic paradigm aimed at the unlimited accumulation of total capital, which is now seen as including "natural capital."

Monthly Review Volume 73, Number 10 (March 2022)

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Published

2022-03-02

Issue

Vol. 73, No. 10 (March 2022)

Section

Review of the Month

License

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