01 February, 2020

Unless It Changes, Capitalism Will Starve Humanity By 2050

Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale.
Capitalism is unsustainable in its current form. (Credit: ZINIYANGE AUNTONY/AFP/Getty Images)
Capitalism is unsustainable in its present form.
• Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (see Center for Health and the Global Environment at Harvard Medical School).
• Since 2000, 6 million hectares of primary forest have been lost each year. That’s 14,826,322 acres, or just less than the entire state of West Virginia (see the 2010 assessment by the Food and Agricultural Organization of the UN).
• Even in the U.S., 15% of the population lives below the poverty line. For children under the age of 18, that number increases to 20% (see U.S. Census).
• The world’s population is expected to reach 10 billion by 2050 (see United Nations' projections).

Read the story from Forbes magazine by Drew Hansen - “Unless It Changes, Capitalism Will Starve Humanity By 2050.”

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