‘Capitalism cares about our species’ prospects as much as a wolf cares about the lamb’s.’ Photograph: Minerva Studio/Alamy
Capitalism cares about our species’ prospects as much as a wolf cares about a lamb’s. But democratise our economy and a better world is within our grasp
We have an urgent responsibility. Our existing economic system is incapable of addressing the social and ecological crises we face in the 21st century. When we look around we see an extraordinary paradox. On the one hand, we have access to remarkable new technologies and a collective capacity to produce more food, more stuff than we need or that the planet can afford. Yet at the same time, millions of people suffer in conditions of severe deprivation.
What explains this paradox? Capitalism. By capitalism we do not mean markets, trade and entrepreneurship, which have been around for thousands of years before the rise of capitalism. By capitalism we mean something very odd and very specific: an economic systemthat boils down to a dictatorship run by the tiny minority who control capital – the big banks, the major corporations and the 1% who own the majority of investible assets. Even if we live in a democracy and have a choice in our political system, our choices never seem to change the economic system. Capitalists are the ones who determine what to produce, how to use our labour and who gets to benefit. The rest of us – the people who are actually doing the production – do not get a say.
And for capital, the purpose of production is not primarily to meet human needs or to achieve social progress, much less to deliver on any ecological goals. The purpose is to maximise and accumulate profit. That is the overriding objective. This is the capitalist law of value. And to maximise profits, capital requires perpetual growth – ever increasing aggregate production, regardless of whether it is necessary or harmful.
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We urgently need to overcome the capitalist law of value and democratise our economy, so that we can organise production around urgent social and ecological priorities. After all, we are the producers of the goods, the services, the technologies. It is our labour and our planet’s resources that are at stake. And so we must claim the right to decide what is produced, how, and for what purpose.
Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.
Flood water covering Worcester racecourse on Monday. Astwood Bank in Worcester has recorded rain every day of the year so far. Photograph: Jacob King/PA
It has rained in parts of the country every day of the year so far and downpours are expected to continue this week
In a “miserable and relentlessly wet” start to the year, rain has fallen somewhere in the UK every single day for weeks on end.
With more than 100 flood warnings in force across the country and further downpours forecast this week, scientists say the atmospheric forces behind Britain’s endless drizzle are the same ones driving devastating floods across Spain and Portugal.
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Is the climate crisis making rainfall worse?
Scientists think fossil fuel pollution is making the jet stream more erratic, allowing extreme weather systems – from heavy rain to heat domes – to become stuck over the same areas for prolonged periods, amplifying their impacts. These so-called blocking systems are expected to become more frequent under medium- and worst-case emissions scenarios.
At the same time, global heating is intensifying rainfall. Warmer air can hold about 7% more moisture for every 1C rise in temperature, a shift that has contributed to increasingly wet UK winters arriving roughly two decades earlier than regional climate models had predicted. In January, however, Arctic air led to slightly cooler temperatures than usual, with high monthly rainfall totals more a result of persistence and duration than intensity.
Scientists project climate breakdown will bring wetter winters and drier summers to the UK. Neumann said: “One positive to come from the recent rainfall is the move to recovery status for UK water resources.” She added that England is now free from drought for the first time since May, with reservoirs and aquifers slowly restocking and recharging to healthy levels.
dizzy: The rich have destroyed the climate for profit despite fossil fuel industries knowing the consequences of their actions for 70 years or so. Donald Trump is further accelerating that destruction.
Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.
Emissions billow from smokestacks at a factory in Cleveland, Ohio in this undated photo. (Photo by Joe Sohm/Visions of America/Universal Images Group via Getty Images)
One critic blasted the impending move as “an obvious example of what happens when a corrupt administration and fossil fuel interests are allowed to run amok.”
In what experts warn would be the most sweeping rollback of US climate policy ever, the Trump administration is expected this week to repeal the Environmental Protection Agency’s “endangerment finding,” the Obama-era rule empowering climate regulation over the past 15 years.
The endangerment finding determined that six greenhouse gases—carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride—caused by burning fossil fuels are a single air pollutant that threatens public health and welfare, rather than treating each gas individually, for regulatory purposes.
The 2009 finding has served as the legal foundation for EPA climate rules, including limits on power plant emissions and automobile fuel economy standards under the Clean Air Act.
The new rule would end the regulatory requirement to measure and report vehicle emissions, certify the results, and comply with limits. It would also repeal compliance programs and credit provisions.
“This amounts to the largest act of deregulation in the history of the United States,” EPA Administrator Lee Zeldin said in a Monday interview with the Wall Street Journal.
However, Senate Majority Leader Chuck Schumer (D-NY) warned Tuesday on the upper chamber floor that “this week, the Trump administration is set to take one of its most nakedly corrupt steps since Donald Trump returned to office, and that’s saying a lot: a wholesale reversal of essentially all greenhouse gas regulations.”
“Trump is making a radical move that will send shockwaves across the economy—uncertainty for manufacturers, states, regulators everywhere. And it flies in the face, of course, of basic science,” Schumer said. “Let’s be very clear what this announcement represents: It is a corrupt giveaway to Big Oil, plain and simple.”
“Big Oil has worked tirelessly for decades to undermine rules that protect against emissions, and now that they have their guy in the White House, they are taking their biggest swing yet,” the senator added. “Remember, in the spring of 2024, Donald Trump invited top oil executives to Mar-a-Lago and told them, if you raise me a billion dollars to get me elected, I will cut regulations so you can make more money. That devil’s bargain is now coming true.”
Trump is trying to repeal the "endangerment finding" — the scientific investigation that led EPA to conclude that climate change is dangerous to humans.It's scientifically unjustifiable of course, but they're going to have to justify it to a court. That should be fun to watch.
Gretchen Goldman, president and CEO at the Union of Concerned Scientists (UCS), a nonprofit advocacy group, said in a statement Tuesday that “Zeldin took a chainsaw to the endangerment finding, undoing this long-standing, science-based finding on bogus grounds at the expense of our health.”
“Ramming through this unlawful, destructive action at the behest of polluters is an obvious example of what happens when a corrupt administration and fossil fuel interests are allowed to run amok,” Goldman added.
More than 1,000 scientists and other experts have implored EPA Administrator Lee Zeldin to not repeal the endangerment finding. In a statement last year, the Environmental Protection Network warned that repealing the finding would result in “tens of thousands of additional premature deaths due to pollution exposure” over the next several decades and spark “accelerated climate destabilization with greater risks of heatwaves, floods, droughts, and disease spread.”
While Trump administration officials told the Journal that the new rules would not apply to regulation of emissions from power plants and oil and gas facilities, some said that repealing the endangerment finding could set the stage for additional rollbacks favoring such polluters.
UCS noted Tuesday that the Trump administration “relied heavily on shoddy science in a report developed by a ‘Climate Working Group,’ composed of five skeptics well outside the scientific mainstream in its proposal to repeal the endangerment finding.”
“The report, which was commissioned by the Department of Energy (DOE), has been thoroughly discredited by the scientific community, which found that the report ‘misrepresents the state of climate science by cherry-picking evidence, exaggerating uncertainties, and ignoring decades of peer-reviewed research,’” UCS continued.
On January 30, Judge William Young of the US District Court for the District of Massachusetts, an appointee of former President Ronald Reagan, ruled that the DOE violated the law when Energy Secretary Chris Wright—the former CEO of a fracking company who denies there is a climate emergency—handpicked the five researchers for the dubious report.
This court ruling is a win for all Americans.
Last week, a Republican-appointed judge ruled that the administration violated the Federal Advisory Committee Act by convening a secret group of climate skeptics to shape public policy. The group attempted to discredit the… pic.twitter.com/KdXNhvoWPb
Republicans have been working toward killing the endangerment finding for years. Project 2025, the Heritage Foundation-led blueprint for a right-wing overhaul of the federal government, explicitly mentions the rule as ripe for repeal. Project 2025’s policy lead, Russell Vought, now directs Trump’s Office of Management and Budget (OMB).
OMB Acting Administrator of the Office of Information and Regulatory Affairs Jeffrey Clark—a purveyor of the “Big Lie” that Democrats stole the 2020 election—has also been working hard at dismantling federal climate regulations, which he once likened to a “Leninistic” plot to control the US economy.
“Instead of rising to the challenge with necessary policies to protect people’s well-being, the Trump administration has shamefully abandoned EPA’s mission and caved to the whims of deep-pocketed special interests,” Goldman said. “Sacrificing people’s health, safety, and futures for polluters’ profits is unconscionable. We all deserve better and this attack against the public interest and the best available science will be challenged.”
Climate scientist Michael Manncalled the campaign to repeal the endangerment finding “a reminder that, while some of the damage that Trump [and the] GOP are doing might seem temporary, the damage they’re doing to the planet is permanent.”
Or, as Cardiff University ecologist Aaron Thierry put it, “You can repeal an endangerment finding. You can’t repeal the endangerment.”
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
People watch the progress of a wildfire in Trancoso on August 11, 2025. (Photo by Patricia de Melo Moreira / AFP via Getty Images)
“The growth of the global economy has been at the cost of immense biodiversity loss, which now poses a critical and pervasive systemic risk to the economy, financial stability and human wellbeing.”
A new report confirms that unchained economic growth driven by corporations seeking profits with too little concern for downside harm is having devastating impacts on biodiversity and natural systems across the planet while also undermining the health of the global economy in the long run.
The landmark new report published Monday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES) was backed by over 150 nations after three years of research and analyses by 79 leading experts from 35 countries across all regions of the world.
What the research found is that “the current conditions in which businesses operate are not always compatible with achieving a just and sustainable future, and that these conditions also perpetuate systemic risks” with far-reaching implications.
“The growth of the global economy has been at the cost of immense biodiversity loss, which now poses a critical and pervasive systemic risk to the economy, financial stability and human wellbeing,” warned the IPBES in a statement.
“We must place true value on the environment and go beyond gross domestic product as a measure of human progress and wellbeing. Let us not forget that when we destroy a forest, we are creating GDP. When we overfish, we are creating GDP.” —António Guterres, UN Secretary-General
With natural resources “being depleted and degraded faster now than any period in human history,” the report is designed to warn humanity, equip policymakers with knowledge, and provide solutions that could mitigate the crisis of biodiversity loss.
The report notes that “unsustainable economic activity and a focus on growth as measured by the gross domestic product, has been a driver of the decline of biodiversity… and stands in the way of transformative change.”
According to Alexander De Croo, an administrator with the United Nations Development Programme (UNDP), an IPBES partner organization, “Businesses are inseparable from the ecosystems they operate in: they both depend on them and profoundly impact them. As significant drivers of today’s planetary crises, businesses have contributed to climate change, biodiversity loss and cultural erosion.”
At the same time, he added, these companies “have a critical role to play in advancing more sustainable solutions, a role already reflected in a growing number of initiatives.” The real problem, the report finds, is how intractable the business-as-usual approach has been, with corporations resistant to changing their operations to put them more in line with nature and too little pressure coming from governments to force through more sustainable practices.
According to the report:
Current conditions perpetuate business-as-usual and do not support the transformative change necessary to halt and reverse biodiversity loss. For example, large subsidies that drive losses of biodiversity are directed to business activities with the support of lobbying by businesses and trade associations. In 2023, global public and private finance flows with directly negative impacts on nature, were estimated at $7.3 trillion, of which private finance accounted for $4.9 trillion, with public spending on environmentally harmful subsidies of about $2.4 trillion.
In contrast, $220 billion in public and private finance flows were directed in 2023 to activities contributing to the conservation and restoration of biodiversity, representing just 3% of the public funds and incentives that encourage harmful business behaviour or prevent behaviour beneficial to biodiversity.
“The loss of biodiversity is among the most serious threats to business,” said Prof. Stephen Polasky, co-chair of the assessment. “Yet the twisted reality is that it often seems more profitable to businesses to degrade biodiversity than to protect it. Business as usual may once have seemed profitable in the short term, but impacts across multiple businesses can have cumulative effects, aggregating to global impacts, which can cross ecological tipping points.”
But Polasky goes on to say that the report “shows that business as usual is not inevitable,” and that with better policies, “as well as financial and cultural shifts, what is good for nature is also what is best for profitability.”
The IPBES assessment arrived alongside fresh warnings about the disastrous results that have stemmed from obsessive allegiance to gross domestic product (GDP) as the key economic indicator by governments and businesses worldwide.
In an interview with the Guardian on Monday, UN secretary general António Guterres suggested that the obsession with GDP was driving humanity toward a cliff.
“We must place true value on the environment and go beyond gross domestic product as a measure of human progress and wellbeing,” Guterres said. “Let us not forget that when we destroy a forest, we are creating GDP. When we overfish, we are creating GDP.”
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark RichardsDonald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
[Guardian] Exclusive: António Guterres says world’s accounting systems should place true value on the environment
AntónioGuterres called for economies to ‘move beyond GDP’ as a measure of economic and societal success. Photograph: Eduardo Muñoz/Reuters
The global economy must be radically transformed to stop it rewarding pollution and waste, UN secretary general António Guterres has warned.
Speaking to the Guardian after the UN hosted a meeting of leading global economists, Guterres said humanity’s future required the urgent overhaul of the world’s “existing accounting systems” he said were driving the planet to the brink of disaster.
“We must place true value on the environment and go beyond gross domestic product as a measure of human progress and wellbeing. Let us not forget that when we destroy a forest, we are creating GDP. When we overfish, we are creating GDP.”
For decades, politicians and policymakers have prioritised growth – as measured by GDP – as the overarching economic goal.
But critics argue that endless, indiscriminate growth on a planet with finite resources is driving not only the climate and nature crisis but increasing inequality.
Guterres said: “Moving beyond gross domestic product is about measuring the things that really matter to people and their communities. GDP tells us the cost of everything, and the value of nothing. Our world is not a gigantic corporation. Financial decisions should be based on more than a snapshot of profit and loss.”
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In January, the UN held a conference in Geneva titled Beyond GDP attended by senior economists from around the world – including Nobel laureate Joseph Stiglitz, leading Indian economist Kaushik Basu and equity expert Nora Lustig.
The trio are part of a group set up by Guterres that has been tasked with devising a new dashboard of measures of economic success that takes “human wellbeing, sustainability and equity” into account.
A report published by the group late last year argued that, as the world wrestled with repeated global shocks over the past two decades, the need for an economic transformation had become increasingly urgent – from the financial crash of 2008 to the Covid-19 pandemic.
It said those events were exacerbated by the “triple planetary crisis of climate change, biodiversity loss, and pollution” and, in addition, warned that rapid technological change was upending labour markets and exacerbating growing inequality.
Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.Nigel Farage explains the politics of Reform UK: Racism, Fake anti-establishmentism, Deregulation, Corporatism, Climate Change Denial, Mysogyny and Transphobia.Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
