By Tom Wetzel - Ideas and Action, April 15, 2019
Capitalist dynamics are at the very heart of the current crisis that humanity faces over global warming.
When we talk of “global warming,” we’re talking about the rapid — and on-going — rise in the average world-wide surface and ocean temperature. Thus far a rise of 0.8 degrees Celsius (1.4 degrees Fahrenheit) since 1880. According to an ongoing temperature analysis conducted by scientists at NASA’s Goddard Institute for Space Studies, two-thirds of this temperature increase has occurred since 1975. A one-degree rise in temperature might seem like no big deal. As the NASA scientists point out, however, “A one-degree global change is significant because it takes a vast amount of heat to warm all the oceans, atmosphere, and land by that much.”
We know that carbon dioxide emissions from the burning of fossil fuels is at the heart of the problem. For many centuries the proportion of carbon dioxide in the atmosphere ranged between 200 and 300 parts per million. By the 1950s the growth of industrial capitalism since the 1800s had pushed this to the top of this range — 310 parts per million. Since then the concentration of carbon dioxide in the atmosphere has risen very rapidly — to more than 410 parts per million by 2018. This is the result of the vast rise in the burning of fossil fuels in the era since World War 2 — coal, petroleum, natural gas.
The problem is rooted in the very structure of capitalism itself. Cost-shifting is an essential feature of the capitalist mode of production. An electric power company burns coal to generate electricity because the price per kilowatt hour from coal-fired electricity has long been cheaper than alternatives. But the emissions from burning coal travel downwind and cause damage to the respiratory systems of thousands of people — including preventable deaths to people with respiratory ailments. This is in addition to the powerful contribution to global warming from the carbon dioxide emissions. But the power firm doesn’t have to pay money for these human costs. If the firm had to pay fees that would be equivalent to the human cost in death, respiratory damage and contribution to global warming and its effects, burning coal would not be profitable for the power company.
Firms also externalize costs onto workers, such as the health effects of stress or chemical exposures. The “free market” pundit or hack economist might deny that companies externalize costs onto workers. They might say that wages and benefits paid to workers for each hour of work measure the cost of labor. But the human cost of work can be increased without an increase in the compensation paid to workers. If a company speeds up the pace of work, if people are working harder, if they are more tightly controlled by supervisors, paced by machines or software, this increases the cost in human terms.
Toxic chemicals used in manufacturing, in agriculture and other industries pose a threat to both the workers and to people who live in nearby areas. Usually working class people live in neighborhoods near polluting industries, and often these are communities of color. This is another form of capitalist cost-shifting.
State regulation of pesticides or air pollution often ends up acting as a “cover” for the profit-making firms. Despite the existence of pollutants generated by leaky oil refineries and pollutants emitted by other industries in industrial areas in California — such as the “cancer alley” of oil refineries in the Contra Costa County area or the similar refinery zone in Wilmington — the government agencies set up to deal with air pollution in the Bay Area and Los Angeles County protected polluters for years by focusing almost exclusively on pollution generated by vehicle exhaust. In this way the South Coast Air Quality Management District and the Bay Area Air Quality Management District have been an example of “regulatory capture” by corporate capital.
Power firms that generate vast amounts of carbon dioxide emissions — and firms that make profits from building fossil-fuel burning cars and trucks or from the sale of gasoline and diesel and jet fuel — have not had to pay any fees or penalties for the growing build up of the carbon dioxide layer in the atmosphere. The global warming crisis thus has its explanation in cost shifting and the search for short-term profits and ever growing markets — features that are at the heart of the capitalist system.
If global capitalism continues with “business as usual”, the warming will have major impacts — killer heat waves, more ocean heat pumping energy into hurricanes and cyclones, rising ocean levels from melting of ice in the polar regions and melting of glaciers, destruction of corals in the oceans, and a greater danger to the survival of many species of living things.