“We are facing a devastating pandemic, new heights of global heating, new lows of ecological degradation and new setbacks in our work towards global goals for more equitable, inclusive and sustainable development.
To put it simply, the state of planet Earth is broken.”
Ecological degradation
From Capitalism to a Sustainable World – The Transition
Capitalism is built on economic growth. French economist Thomas Piketty said “Capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies should be based”.