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The 21st Century Crisis

Author

Listed:
  • Minqi Li

    (University of Utah, Salt Lake City, UT, USA)

Abstract

Under the current trend, the world is on track towards an extreme greenhouse state that threatens to destroy human civilization and nearly all forms of life on Earth. Without an end to economic growth, it is virtually impossible for meaningful climate stabilization to be achieved. However, both capitalist enterprises and states are constantly driven to expand production and consumption. The climate change crisis is but one of several long-term historical trends that are now leading to the structural crisis of capitalism. The resolution of the crisis and the survival of humanity require the building of a fundamentally different social system.JEL classification: B51, P16, P20, Q54

Suggested Citation

  • Minqi Li, 2011. "The 21st Century Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 43(3), pages 289-301, September.
    • Handle: RePEc:sae:reorpe:v:43:y:2011:i:3:p:289-301
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    More about this item

    Keywords

    climate change; limits to growth; structural crisis of capitalism; socialism;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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