Capitalism can’t combat climate change

Capitalism can’t combat climate change


Hey, everybody. My name’s Kim Siever. Welcome
back to my channel. Capitalism cannot be the vehicle to combat
climate change. Capitalism is built on a foundation of creating
profit. The most popular way of creating profit is through reducing input costs. This is often
seen in labour costs, but it can be in the cost of raw materials, too. Let’s take Nestlé for example. In Ontario,
Nestlé pays about $500 for every 1,000,000 litres of water they extract. You can buy
a case of 24-500 ml bottles at Walmart for around $2.25, which works out to about 25¢
per litre. They pay 5/100 of a cent per litre to access the water they bottle. That’s
a 50,000% profit margin. Nestlé has little incentive to curb their
water usage nor pay more to access that water. Both reducing the amount of water they extract
and increasing how much they pay to extract it threatens their ability to create profit.
And for Nestlé, creating profit has more value than securing reliable drinking water
sources for the general public. Same goes for energy usage. Coal is cheap,
which makes coal-generated electricity cheap. If utility companies switch to more expensive
energy sources to generate electricity, it threatens their ability to create profit.
Conventional petroleum fuel products are cheaper than other automobile fuel sources. If transportation
companies switch to more expensive fuel sources to power their fleets, it threatens their
ability to create profit. It’s the same reason oil and gas companies
lobby for low royalty rates, why Brazilian ranching companies want to raze the Amazon,
and why smartphone companies have no desire to facilitate the reduction of war and conflict
in the mining of coltan, which they use in their products. Commercial and industrial endeavours are the
primary drivers of climate change. Until they change their behaviour, climate change will
not stop, let alone reverse. And if we wait for them to altruistically implement change
in the resources they consume, we’ll be waiting a very long time. Thanks for watching. You can follow me online at siever.ca/kim.
I’m also on Facebook, Twitter, and Tumblr. If you appreciate the videos I share here
on YouTube, the posts I write on my blog, and the content I share on my other social
media accounts, please consider making a monthly donation, either through PayPal or Patreon. If you agree with the points I raised in my
video, please give me a thumbs up and let me know in the comments below why. Please
share my video and subscribe to my channel. And I look forward to talking to you again
soon.

2 Comments on "Capitalism can’t combat climate change"

Leave a Reply

Your email address will not be published. Required fields are marked *