Ecological transformation of capitalism

The UN Conference COP 28 (2023) showed the failure of the global strategy contained in the goals of the Paris Climate Agreement. This encourages us to return to the problem of additional measures to protect natural habitats through a transition to moderate rates of economic growth, population growth and anthropogenic pressure on the environment. The article analyzes the ecological limits of growth of the world capitalist system, its economy and the global population. In order to preserve the natural habitat, capitalism inevitably faces transformation into a new post-capitalist formation capable of providing a moderate anthropogenic load on the environment accompanied by an increase in welfare and the preservation of the natural habitat for future generations. In dangerous proximity to the ecological limits of growth, it is necessary to abandon the prevailing goals of maximizing the scale of global economy and population, to reorient the population of the developing countries towards moderate fertility due to an increase in human development and quality-of-life indices, especially in the countries with low levels of above-mentioned indices accompanied by high population growth rates. A three-dimensional system of measuring economic growth is proposed. The conditions for economic growth balanced with the state of the environment are formulated.

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Publication Details

Journal
Economics and Mathematical Methods
Published
2024-10-05
DOI
https://doi.org/10.31857/s0424738824030021
Primary Topic
Economic Development and Digital Transformation
Type
article
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article

Ecological transformation of capitalism

В. К. Фальцман
Economics and Mathematical Methods
Economic Development and Digital Transformation
article

Ecological transformation of capitalism

В. К. Фальцман
article en

Abstract

The UN Conference COP 28 (2023) showed the failure of the global strategy contained in the goals of the Paris Climate Agreement. This encourages us to return to the problem of additional measures to protect natural habitats through a transition to moderate rates of economic growth, population growth and anthropogenic pressure on the environment. The article analyzes the ecological limits of growth of the world capitalist system, its economy and the global population. In order to preserve the natural habitat, capitalism inevitably faces transformation into a new post-capitalist formation capable of providing a moderate anthropogenic load on the environment accompanied by an increase in welfare and the preservation of the natural habitat for future generations. In dangerous proximity to the ecological limits of growth, it is necessary to abandon the prevailing goals of maximizing the scale of global economy and population, to reorient the population of the developing countries towards moderate fertility due to an increase in human development and quality-of-life indices, especially in the countries with low levels of above-mentioned indices accompanied by high population growth rates. A three-dimensional system of measuring economic growth is proposed. The conditions for economic growth balanced with the state of the environment are formulated.

Economics and Mathematical MethodsVol. 60(3)
The Russian Presidential Academy of National Economy and Public Administration (RU)
Openalex Percentile: Top 69%
Economic Development and Digital Transformation
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