Oxford Union ~ Yanis Varoufakis – Full Address & Q&A

Yanis Varoufakis is an academic economist who was a member of the Greek parliament between January and September 2015. He represented the ruling Syriza party and held the position of Minister of Finance for seven months.
See: https://yanisvaroufakis.eu/

About the Oxford Union Society: The Oxford Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe.
See: http://www.oxford-union.org/

Bookmark and Share

Global Warming And The Future Of Humanity: An Interview With Noam Chomsky And Graciela Chichilnisky

Photo: en.wikipedia.org

Noam Chomsky

Graciela Chichilinsky

Graciela Chichilinsky

truth-out.org. September 2016. How serious of an issue is climate change? Does global warming really threaten human civilization? Can it be reversed, or is it already late?

In this interview for Truthout, two scholars, Noam Chomsky, one of the world’s leading public intellectuals, and Graciela Chichilnisky, a renowned economist and climate change authority who wrote and designed the carbon market of the Kyoto Protocol, concur on a few key points. First of all, global warming and climate change constitute the greatest challenge facing humanity, and may pose an even greater threat to our species than that of nuclear weapons. Secondly, the operations of the capitalist world economy are at the core of the climate change threat because of over-reliance on fossil fuels and a perverse sense of economic values. Thirdly, the world needs to adopt alternative energy systems as quickly as possible. And finally, it is crucial to explore technologies to assist us in reversing climate change — as time is running out.

C. J. Polychroniou: A consensus seems to be emerging among scientists and even political and social analysts that global warming and climate change represent the greatest threat to the planet. Do you concur with this view, and why?

Noam Chomsky: I agree with the conclusion of the experts who set the Doomsday Clock for the Bulletin of Atomic Scientists. They have moved the Clock two minutes closer to midnight — three minutes to midnight — because of the increasing threats of nuclear war and global warming. That seems to me a credible judgment. Review of the record shows that it’s a near miracle that we have survived the nuclear age. There have been repeated cases when nuclear war came ominously close, often a result of malfunctioning of early-warning systems and other accidents, sometimes [as a result of] highly adventurist acts of political leaders. It has been known for some time that a major nuclear war might lead to nuclear winter that would destroy the attacker as well as the target. And threats are now mounting, particularly at the Russian border, confirming the prediction of George Kennan and other prominent figures that NATO expansion, particularly the way it was undertaken, would prove to be a “tragic mistake,” a “policy error of historic proportions.”

As for climate change, it’s by now widely accepted by the scientific community that we have entered a new geological era, the Anthropocene, in which the Earth’s climate is being radically modified by human action, creating a very different planet, one that may not be able to sustain organized human life in anything like a form we would want to tolerate. There is good reason to believe that we have already entered the Sixth Extinction, a period of destruction of species on a massive scale, comparable to the Fifth Extinction 65 million years ago, when three-quarters of the species on earth were destroyed, apparently by a huge asteroid. Atmospheric CO2 is rising at a rate unprecedented in the geological record since 55 million years ago. There is concern — to quote a statement by 150 distinguished scientists — that “global warming, amplified by feedbacks from polar ice melt, methane release from permafrost, and extensive fires, may become irreversible,” with catastrophic consequences for life on Earth, humans included — and not in the distant future. Sea level rise and destruction of water resources as glaciers melt alone may have horrendous human consequences.

Graciela Chichilnisky: The consensus is that climate change ranks along with nuclear warfare as the top two risks facing human civilization. If nuclear warfare is believed to be somewhat controlled, then climate change is now the greatest threat.

As difficult as it is to eliminate the risk of nuclear warfare, it requires fewer changes to the global economy than does averting or reversing climate change. Climate change is due to the use of energy for industrial growth, which has been and is overwhelmingly based on fossil fuels. Changing an economic system that is bent on uncontrolled and poorly measured economic growth and depends on fossil energy for its main objectives, is much more difficult than changing how nuclear energy is used for military purposes. Some think it may be impossible.

Read more

Bookmark and Share

A New Economic System For A World In Rapid Disintegration

socialismtruth-out.org. September 2016. We live in ominously dangerous times. The world capitalist system — having fueled colonialism, imperialism and the constant intensification of labor power exploitation for roughly 500 years — now threatens the planet with an ecological collapse of unprecedented proportions. Unsustainable resource exploitation, water pollution (the transformation of lakes, rivers and oceans into garbage dumps) and massive economic inequality are at the root of the possibly irreversible collapse of industrial civilization. Meanwhile, however, too many of us remain caught up in abstract and ahistorical predictions of collapse that fail to offer an alternative realistic vision of a future socio-economic order.

Simultaneously, the phenomenon of global warming, driven mainly by the dynamics and contradictions of a fossil-based economy, has prepared the soil for the eruption of new sources of conflict with the manifestation of historically unique destabilizing social forces. Climate change directly threatens billions of people and most other beings — besides the occasional cockroach, diadem or tardigrade — with outright extinction brought on by droughts, floods and other “natural” disasters.

Nonetheless, the catastrophic scenario sketched out behind the operations of global capitalism does not merely represent the other side of a wild socio-economic system bent on constant and abstract growth in pursuit of ever greater rates of profit. The so-called Golden Age of capitalism ended decades ago and the system has now run into a brick wall, as it appears to have reached a point where it is no longer capable of sustaining a constant momentum of growth to keep the economy reproducing itself at a pace that generates higher standards of living for the next generation.

Indeed, the productivity rates in the advanced industrialized regions of the world (such as the US, Europe and Japan) since the eruption of the financial crisis of 2007-08 are far slower than those of previous decades, thereby confirming the claims of various experts who argue that we have reached the end of the age of growth.

Moreover, in spite of all the talk about the marvelous and awe-inspiring accomplishments of the high-tech revolution, these innovations pale in comparison to the innovations of the Industrial Revolution. The new technologies reach billions of people, generating mythical fortunes for founders and investors, but increasingly employ only a handful of privileged workers. In the meantime, the problems of massive unemployment, increased inequality, growing economic insecurity, and dangerous levels of public and corporate debt are mounting.

In this context, the present crisis facing the world economy as a whole “consists precisely in the fact,” as Antonio Gramsci put it in his Prison Notebooks, “that the old is dying and the new cannot be born,” and all of the above represent the “morbid symptoms” of this antinomy that the great Italian revolutionary underscored as being part of this interregnum. Read more

Bookmark and Share

Avoiding Extinction: The Way Out Of Climate Change


Professor Graciela Chichilnisky

For the first time ever, humans are dominating planet Earth. We are changing the basic metabolism of the planet: the composition of gases in the atmosphere, its bodies of water, and the complex web of species that makes life on Earth. What will come next?

We see that the changes we are precipitating in the atmosphere are fundamental and can lead to disruptions in climate and global warming. Both the North and the South Poles are melting. Water expands when it is heated. Since the seas are warming, sea level is rising all over the world. This irrevocable upward trend is well documented: slowly but surely the rising waters will sink most island states. There are 43 island states in the United Nations representing about 23% of the global vote and most or all could disappear soon under the warming seas.

The current shift in climate patterns threatens many species. It has allowed for the spread of insects that are migrating to areas they did not previously inhabit, bringing with them a variety of vector- borne illnesses. For example, new outbreaks of malaria in Africa are on the rise. Humans are also shifting ground. The UN reports that 21 million people are reportedly migrating due to drought and other climate change induced conditions, and the numbers are increasing rapidly (http://newsroom.unfccc.int/unfccc-newsroom/human-mobility-and-the-paris-agreement/). The 2014 migration of one million people into the EU is causing considerable political stress leading to anti-immigration candidates in German, UK, and US elections, and some anticipate that it could damage the fabric of Western democracy.

In the U.S., the consequences are less extreme but still evident: the mighty Colorado River is drying up, prompting orders to turn off farm water in several states. Lake Mead’s waters in Nevada are exhibiting record lows, threatening the main supply of water to Las Vegas. Wild fires from drought conditions have multiplied and have spread rapidly around the region and in California since 2006.

The world is aware of the connection that scientists postulate between climate change and the use of fossil energy. The largest segment of carbon emissions, about 45% of the global emissions of CO2, originate in the world’s power plant infrastructure, 87% of which are fossil fuel plants that produce the overwhelming majority of the world’s electricity. This power plant infrastructure represents a value worth $45-55 trillion according to the International Energy Agency (IEA), which is about the scope of the world’s economic output. New forms of clean energy are emerging, such as wind farms in Scotland and solar farms in Spain and the US, in an attempt to forestall carbon emissions. But the process is necessarily slow since the world’s fossil power plant infrastructure is comparable in monetary value to the world’s entire GDP, and changing this infrastructure can take decades. Transforming the power plant infrastructure is too slow to avert the potential catastrophes that are anticipated in the next 10–20 years. What is the solution?

Below I propose a realistic plan that involves market solutions in industrial and developing nations which will simultaneously resolve the problems of economic development and climate change and the global climate negotiations. But climate change is just one of several global environmental areas that are in crisis today. Biodiversity is another; industrialization and climate warming threaten the world’s ecosystems. Endangered species include sea-mammals, birds such as cockatoos, polar bears, and marine life such as coral, saw-fish, whales, sharks, dogfish, sea turtles, skates, grouper, seals, rays, bass, elephants, and even primates, our cousins in evolution. Scientists know that we are in the midst of the sixth largest extinction of biodiversity in the history of our planet, and that the scope of extinction is so large that 75% of all known species are at risk today. The UN Millennium Report documents rates of extinction at 1,000 times higher than fossil records. The current extinction event is the largest following the dinosaurs’ extinction that took place 60 to 65 million years ago. But today’s extinction event is unique in that it is caused by human activity. And it puts our own species at risk. There is a warning signal worth bringing up: all major recorded planetary extinctions were related to changes in climate conditions. Through industrialization we have created environmental conditions that could threaten our own species’ survival. 99.9% of all species that ever existed are now extinct.

Are we next?

Will humans survive?

The issue now is how to avoid extinction. Read more

Bookmark and Share

Can Economics Value Human Survival? ~ An Interview With Graciela Chichilnisky

ChichilniskyClimate change threatens human survival and the existing economic arrangements and values are directly responsible for this sad state of affairs, argues Graciela Chichilnisky, author of the Kyoto Protocol Carbon Market and a world authority on climate change, in the interview that follows. Moreover, Professor Chichilnisky thinks that a new global economy based on “green capitalism” is not only possible but absolutely essential for the future of the planet. Graciela Chichilnisky is Professor of Economics and of Statistics at Columbia University, Visiting Professor of Economics at Stanford, and co-founder and CEO of Global Thermostat.

Marcus Rolle: Professor Chichilnisky, can you discuss what might be some of the long-term effects of climate change on global economic activity?

Graciela Chichilnisky: The effects of climate change on global economic activity are profound and widespread and can be counted in the trillions of dollars, including losses of property from flooding, droughts and fires and other catastrophic events such as typhoons and tornadoes that have become more intense, more frequent and more volatile due to a warmer atmosphere and hydrosphere, which contain more energy. Think of New York City with three Sandy Superstorms per year. Firms and schools will be closed for most of the year, the police will be out of action, there will be no electricity, cars will be floating in the streets, etc. In sum, New York will not be a working city. The effects are incalculable. But the problem is larger than the dollar value of storms and floods and weather events because of the hundreds of millions or billions of lives that are either ruined or lost and the incalculable damage done to our political and social institutions and structures that make up the fabric of human civilization.

MR: There are several studies indicating that global warming impacts adversely on productivity and impacts negatively on global GNP per capita.  Aren’t we throwing money around by not addressing global warming?

GC: Climate change will have indeed serious adverse effects on the economy and, in a recent OECD study, the value of losses of property in the world’s leading cities alone are in the trillions of dollars, including those in Miami Florida and Shanghai China. So, in this sense, we are definitely throwing money around. In reality, however, the whole concept of GDP and of economic value that we use today is suspect and many expect it to change sometime soon. I do.

MR: Developing countries are most likely to absorb much of the losses caused by climate change. If so, how will this development impact on migration flows to developed countries?

GC: I believe that among the first and worst effects of climate change that we will witness will be massive migration movements of tens or even up to hundreds of millions of people from poor nations badly affected by climate change into rich nations and, subsequently, the manifestation of extremist political processes in the latter nations as a result of these migration waves. Indeed, the process has already started, and, the war in Syria, which caused the massive migration of over 1million people into Europe, came in the aftermath of an unprecedented in terms of severity four-year drought that left millions desperate, with no jobs, food, or hope, forcing them in turn to flee for their lives. These unprecedented migration waves of refugees have already led, as I predicted in an earlier article, to political extremism both in Europe and the United States.   Brexit is perhaps the most direct and explicit consequence of these developments, but there are others as well. We are witnessing the direct political consequences of radical extremism on the political stage in Europe and the United States right now. Climate change means that this pattern will continue and amplify and it can easily lead to the destruction of Western democratic values and of our most important governance institutions. This, in my view, is one of the most immediate, direct, dangerous and destructive effect of climate change as our entire social fabric and institutions, the very foundations of human societies as we know them, are at risk. All this can happen — and is in fact already happening very quickly –, and it can be, and probably will be, devastating to human societies. Humans will not disappear and become extinct without violence and conflicts and wars can be expected. Of course, most people have trouble imagining how this will develop as the physical survival of some human groups is still likely, but not when it comes to human civilization itself if the trend continues and prevails. Think of the follow-up effect of the massive asteroid that is believed to have hit Mexico about 60 million years ago and to have led to the disappearance of the dinosaurs, which were a globally dominant species at the time as we are now. Massive dust clouds stopped sun rays and the earths’ main source of energy. Millions perished. It is generally thought that the dinosaurs who could fly and overcame the lethal dust created by the impact of the asteroid are now still around and can be seen as birds, for example chickens. Will humans become the chickens of the future? Possibly. Read more

Bookmark and Share

Combatting Climate Change Requires A Transition To New Economic Values: An Interview With Graciela Chichilnisky

ChichilniskyClimate change represents the greatest threat facing humankind. Yet, not only is very little being done to combat the climate change threat, but there are still vocal climate change deniers around us, some of whom are even running for the presidency of the United States. Moreover, there seems to be confusion about the most effective ways to combat climate change. The latest effort by global leaders to address the problem of climate change, as reflected in the Paris Agreement of late 2015, falls short of implementing the necessary steps to save the planet.

But this begs the question. What are the necessary steps that need to be taken to prevent a catastrophic climate change scenario? In this exclusive interview for Rozenberg Quarterly, world renowned economist and climate change authority Graciela Chichilnisky discusses the nature of the problem of climate change, highlights what is at stake, and argues cogently what should be done to save the planet.

Professor Chichilnisky, it is widely known that climate change can be caused by both natural variations and human activity. Is the climate change being observed today due to natural variations or are its causes to be found in human activities and greenhouse gas emissions?
Scientists all over the world are in agreement that the climate variations we observe today are due to a global change in climate, and that increased greenhouse gases in the atmosphere from human activity, particularly the burning of fossil fuels since 1945, are responsible for climate change. This is not a gentle warming trend, it is the melting of the North and the South poles, and a confirmed rising level of the oceans worldwide that will engulf large areas of the planet, and include 43 island nations states.

In the United States, virtually all leading Republican figures, including Donald Trump, who has already wrapped up the Republican nomination, argue that climate change is based in pseudo-science. What’s going in here? Are Republicans so out of touch with reality, or are they simply interested in protecting vested interests in the fossil fuel economy?
The Republican party is conservative by nature and resists change, even the acknowledgment of the need for change. This is a natural human response. Denial is known to be the first psychological response to a traumatic event, and climate change is potentially catastrophic. Denial is a natural first response and can take the form of denouncing climate science as pseudo-science. However understandable the reaction may be, we cannot remain mired in the first response to a traumatic event, and need action. It is now possible to take action as there are technologies that can remove the carbon that is already in the atmosphere in an affordable way, and this is needed now to avert catastrophic climate change. But it requires moving from the stages of denial and anger to the stage of acceptance. Then we can take action and create global policy as needed.

However, there are some scientists and former astronauts who claim that NASA’s studies of climate change, for example, are based in highly complex models which have proven highly inadequate in the last. Any comments on this?
Indeed, climate models are recent scientific developments and they are complex. This is true. Nobody can predict the weather exactly for example. But the scientific evidence for the overall climate change trend is now overwhelming accepted by most scientific bodies, including the IPCC which is the UN scientific body consisting of thousands of scientists from all over the world, and nobody debates that. Read more

Bookmark and Share

  • About

    Rozenberg Quarterly aims to be a platform for academics, scientists, journalists, authors and artists, in order to offer background information and scholarly reflections that contribute to mutual understanding and dialogue in a seemingly divided world. By offering this platform, the Quarterly wants to be part of the public debate because we believe mutual understanding and the acceptance of diversity are vital conditions for universal progress. Read more...
  • Support

    Rozenberg Quarterly does not receive subsidies or grants of any kind, which is why your financial support in maintaining, expanding and keeping the site running is always welcome. You may donate any amount you wish and all donations go toward maintaining and expanding this website.

    10 euro donation:

    20 euro donation:

    Or donate any amount you like:

    ABN AMRO Bank
    Rozenberg Publishers
    IBAN NL65 ABNA 0566 4783 23
    reference: Rozenberg Quarterly

    If you have any questions or would like more information, please see our About page or contact us: info@rozenbergquarterly.com
  • Like us on Facebook

  • Follow us on Twitter

  • Recent Rozenberg Quarterly Articles

  • Rozenberg Quarterly Categories

  • Rozenberg Quarterly Archives