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Capitalism Can't Solve Climate Change (time.com)

submitted 7 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml

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And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck.

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[–] Pascal@lemdro.id 3 points 7 months ago* (last edited 7 months ago) (1 children)

a single party dictates larger economic trends

You're describing socialism.

Well, so long as that party directs it in the interests of the people rather than capitalists, as is the case for China.

[–] P1r4nha@feddit.de 0 points 7 months ago

Really? I'm not convinced the Chinese government acts in the interests of its people at all. That's probably the biggest reason I can't call it Socialism. Just because government influence is stronger than in the West, the economic system isn't completely different.