A recent writer questioned the widely-held belief that free-market capitalism, based on infinite growth and supported by relatively cheap fossil-fuel energy, was sustainable (Our Ubiquitous Deadly Addiction — commentary, July 22). Freda Davies suggested we look at other economic models.
So what’s wrong with free-market capitalism?
The Cochabamba Summit: Documents of the World People’s Conference on Climate Change and the Rights of Mother Earth (Bolivia, April 2010) is helpful: “Under capitalism, Mother Earth is converted into a source of raw materials, and human beings into consumers and a means of production, into people that are seen as valuable only for what they own, and not for what they are. It is an imperialist system of colonization of the planet.”