Five Ways to Curb the Power of Corporations and Billionaires

We need to rein in the destructive power of corporations and billionaires before it’s too late. These five ideas would do that, while leaving global capitalism intact. Ultimately, only a complete transformation of our economic system will save our future, but these proposals could set changes in motion that might eventually take us there.

Transnational corporations have become the dominant force directing our world. Humanity is accelerating toward a precipice of overconsumption, and the large transnationals are the primary agents driving us there. We’re rapidly losing the earth’s forests, animals, insects, fish, even the topsoil we require to grow our crops. The earth is becoming denuded of its bounty as every living system ­is ransacked for resources—not to mention the looming emergency of climate breakdown. As a result, twenty thousand scientists have recently issued a public warning to humanity, while prominent academics consider the collapse of civilization this century to be a serious threat.

environmental destruction
Transnational corporations are driving humanity to a precipice of overconsumption

Changes in our personal consumption patterns are important, but are ultimately inconsequential compared with the impact of the transnationals that have come to dominate our global economic and political system. Of the world’s hundred largest economies, sixty-nine are now corporations. Political parties in many of our so-called democracies are funded in large part by billionaires, while government cabinet positions are staffed by corporate executives. International bodies setting global policy are infiltrated by corporate agents so successful at entrenching corporate power that even those governments that still prioritize their people’s needs can no longer make autonomous decisions without risking crippling lawsuits from the transnationals whose interests they threaten. Meanwhile, countries and cities compete with each other to beg their corporate overlords for investment dollars, even it means undermining public services and legal protections for their own populations.

Environmental groups, recognizing where ultimate power resides, try to pressure corporations to improve practices through the threat of public shaming, with some appreciable results. However, these attempts are necessarily constrained by the very structure of big corporations, which exist to enrich their shareholders regardless of the consequences. The common goal of corporations around the world is to monetize human activity and what’s left of nature’s abundance as rapidly and efficiently as possible. The overriding purpose of the world’s powerful institutional force is thus directly at odds with a flourishing earth or a viable future for humanity.

Having spent the first part of my career in the heart of the capitalist system, consulting to major international banks and corporations, I developed a sense of the underlying forces that direct the centers of financial power. These ideas are my distillation of what I believe could be effective levers for humanity to take back some control from the increasing hegemony of corporations and billionaires.

If we are to avoid disaster, our global economic system with its gaping inequities and deranged consumption will eventually need to dismantled and replaced by one based on life-affirming principles rather than wealth maximization. These suggestions, even in aggregate, wouldn’t do that. They represent mere tweaks in a system that ultimately needs to be completely transformed. But like a modest trim tab that helps redirect an ocean liner, perhaps they could begin to curb the destructive force of transnationals and redirect their enormous power toward a more sustainable path.

 

1. Triple bottom line required for corporate charters

A fundamental reason for the rapacious behavior of transnational corporations is their drive to maximize shareholder value above anything else. While there is no explicit requirement for this in the standard corporate charter, a century of case law has entrenched this principle into the behavior of large corporations to the point that is has become the de facto standard of operation. As a result, if corporations were people, they would be considered psychopaths, utterly devoid of any caring for the harm they cause in the pursuit of their goals.

It is easier, however, to change a corporation’s values than those of a human psychopath. All you need to do is change the legal basis of their charter. Instead of pursuing shareholder interests alone, they could be re-chartered with the explicit purpose of achieving a triple bottom line of social and environmental outcomes as well as financial—sometimes known as the “triple Ps” of people, planet, and profit.

This alternative corporate value system is already available through chartering as a benefit corporation or certifying as a B-Corp, and has been adopted by over 2,000 corporations in over fifty countries around the world—including several multibillion-dollar transnationals.  My proposal is that, instead of being a voluntary step taken by a select few, this would be a requirement for all corporations above a certain size.

Overnight, the intrinsic character of the corporation would be transformed. Currently, CEOs and corporate boards are faced with continual pressure to grow their earnings at all cost. If they chose to make a humane decision, such as not to exploit a copper mine because of the consequent pollution, they could expect to be sued by shareholders, and possibly acquired by a more ruthless competitor. However, if they were legally required to achieve a triple bottom line, they would weigh up decisions in a more balanced way, as a rational person might. With the board responsible for all three bottom lines, they would have to consider the risk of being sued if they caused excessive pollution, or if they were callous to the needs of the communities where their plants were located.

Currently, large corporations boast of their corporate social responsibility departments that are supposed to care about issues such as employment practices of their suppliers, sustainability of their raw materials, environmental impact of their packaging, gender balance and ethnic diversity in the workplace, and investments in local communities. Suddenly, they would have to stop paying mere lip service to these issues and take them as seriously as marketing costs, revenue growth and distribution channels—the things that CEOs actually worry about when they go home at night.

 

2. Charter renewal required every five years

Changing the corporate charter requirement might not, however, be enough by itself to halt the relentless pursuit of profits by large transnationals. After all, executive pay packages consist of dollars rather than goodwill, and those dollars are linked directly to the share price, which is driven by shareholders’ expectation of financial returns. If they could get away with it, they might continue their rapacious practices, while trying harder to look like they’re meeting the other two bottom lines.

That’s the reason for my second proposal, which is to require that corporations, which currently enjoy what’s known legally as a “perpetual existence,” get their charters renewed every five years. If they failed to meet pre-established criteria on their two non-financial bottom lines, they would not be permitted to continue in business. Currently, if a company can’t meet its financial obligations, it’s forced into Chapter 11 bankruptcy proceedings and the value of its stock generally tanks to zero. Under my proposal, executives would also have to consider the risk of declaring “social bankruptcy” or “environmental bankruptcy” as they made their business decisions.

As in currently regulated industries such as banking, the final step of losing their charter would not have to be immediate. If a corporation failed to meet its basic parameters, it could be given a warning, with a time period set to fix things. However, the mere threat of this happening would lead corporate executives to make sure they were well above the criteria required to keep their charter.

Corporations are, of course, highly adept at using their financial resources to influence regulatory bodies through bribes and other mechanisms. To avoid this, panel members responsible to renew the charter would be representatives of the communities and ecosystems covered in the company’s scope of operations. Their task would be to weigh up the findings of experienced independent auditors on the company’s performance. To minimize corruption, the panel could be chosen by a process of random selection called sortition, just a like a trial jury is chosen in our legal system.

 

3. Tax stock trades based on the length of the holding period

Powerful as they are, even corporations have their masters: their shareholders. But don’t think of the typical shareholder as a Warren Buffet type, sitting back in his leather armchair perusing his holdings. Instead, corporate stocks are subject to the frenetic activity of financial markets, where split-second computer algorithms govern much of the trading. Investment firms spend hundreds of millions of dollars enhancing their computing networks to shave as little as three milliseconds off the timing of their trades. The hyper liquidity of global markets means that investors are obsessed with short-term market trends, which leads corporate CEOs, forever anxious about their stock price, to focus their time horizon on the next quarterly earnings report. Financial valuations apply discount rates to future earnings, which means that an investment paying off thirty years in the future can be worth as little as five percent of its future payoff in the present. Under these conditions, why would any CEO care about the state of the planet—or even their company—thirty years from now?

high frequency stock trading
The financial markets’ hyper liquidity drives the short-term orientation of corporate CEOs

During the 2016 US election campaign, Bernie Sanders proposed a Financial Transaction Tax to pay for free college tuition, setting the rate at 0.1% of the transaction. In Europe, discussions are under way to apply a similar EU-wide tax. My proposal increases the tax rate by orders of magnitude, and differentiates based on the length of the stock holding. For example, the tax rate might look like this:

  • 10% if the stock is held less than a day
  • 5% if less than a year
  • 3% if less than 10 years
  • 1% if less than 20 years
  • Zero if more than 20 years

The effects of this single step would be enormous. The financial services industry would be transformed overnight. High frequency stock trading and same-day traders would disappear. The short-term orientation of the stock market would be replaced by carefully considered long-term investment decisions. A typical mutual fund, which in the US currently turns over its portfolio at the rate of 130% a year, could no longer afford to do so, and would have to change its investment decision-making based on sustainable returns. The tax could be waived for individuals experiencing a life-changing event or for simple hedging techniques where, for example, farmers need to lock in the price of their produce at a future time.

The result would be a massive shift away from destructive extractive industries and toward sustainable businesses. For example, the fossil fuel industry is recognized to be vastly overvalued as a result of its “unburnable carbon”: the amount of fossil fuels in the ground that can never be burned if the world is to keep climate change below the 2° rise agreed at COP21 in Paris. A recent study estimates the overvaluation as high as $4 trillion. Investors, however, play a game of musical chairs, hoping they won’t be the ones left holding the stranded assets. This proposed transaction fee would incent them to dump fossil fuel investments immediately for opportunities in renewable energy with longer-term payoffs.

 

4. Cap on billionaire’s assets over $5 billion

As corporations have taken increasing control of the global system, they have catapulted founding shareholders and their heirs to previously unimaginable pinnacles of wealth.  The combined wealth of the world’s 2,754 billionaires is now $9.2 trillion, an amount that has doubled in the past six years, and increased tenfold since the beginning of this century. The magnitude of this wealth is difficult to conceive. The top six billionaires own as much as the lower half of the entire world’s population. Taken together, the world’s billionaires would represent the third largest economy in the world, behind only China and the United States, with wealth equivalent to the GDP of Germany and Japan combined.

six wealthiest men
These six men own as much wealth as half the world’s population

There is no legitimate rationale for this outrageous concentration of such wealth in a few individuals. The argument that the founders of Microsoft, Amazon, or Facebook deserve such excessive wealth is no more valid than the belief of the ancient Egyptians in the divinity of their Pharaoh, or the Medieval notion of the divine right of kings. Mark Zuckerberg, aged 33, currently owns over $70 billion. If someone had singlehandedly miniaturized the transistor, developed the logic for computer code, invented the PC, and come up with the internet, then maybe they’d deserve having close to that amount as a reward for the value they created. But all Zuckerberg did was figure out a way to connect people up in a network that became a bit more popular than other networks, and because of the internet’s scale effects, he was the lucky one who hit the jackpot. Zuckerberg merely took advantage of all the other infrastructure work that led to the internet, painstakingly pieced together by millions of people over decades, which has been the real value creator for the world.

In response to this excess, my proposal is to cap billionaires’ wealth at, say, $5 billion. It’s an arbitrary amount, still obscenely high and presumably more than enough for those who argue that people should receive ample financial rewards for success. Beyond a certain level of wealth, however, what drives these people is power and prestige. This could be tapped by requiring them to donate their excess wealth to a trust over which they could retain some influence.

Such a trust, however, would need to have some strict criteria. While the billionaire could influence the trust’s priorities, he would not have control over its activities. The current Bill and Melinda Gates Foundation, for example, while a step in the right direction, is under the total control of the Gateses and Warren Buffet. The foundation set up with much fanfare by Mark Zuckerberg is viewed by experts as little more than a fancy tax dodge.

Each trust would need to avoid interference in a country’s political system and be dedicated to life-affirming activities, the scope of which could be based, for example, on the principles of the Earth Charter, a framework for building a just, sustainable and peaceful global society endorsed by over 6,000 organizations.

The positive impact that these trillions of dollars could have on human and natural welfare would be prodigious. Imagine a country the size of Germany and Japan combined dedicated entirely to serving human and natural flourishing. It would have the resources to end extreme poverty, increase regenerative agriculture to over a billion acres worldwide, educate hundreds of millions of girls through the Global South, disseminate up to a billion clean cookstoves, and much, much more.

The billionaires of the world, meanwhile, would continue to enjoy enormous wealth, and when they jet to Davos to hobnob with other luminaries for the annual World Economic Forum, they could finally have something worthwhile to boast about.

 

5. Declare a crime of ecocide at the International Criminal Court

Even with all these constraints, the powers of transnational corporations would remain enormous, and there would still be times when, through willful negligence or intentional bad faith, corporate action causes massive environmental damage. A UN study, which remained unpublished, found that the world’s largest companies had caused over $2 trillion of environmental damage, which would cost a third of their overall profits if they were forced to pay for it. Because of their extensive political influence, even their most damaging activities go unpunished. This leads to my final proposal: to declare a crime of ecocide at the International Criminal Court (ICC).

The ICC is an independent judicial body set up by international treaty, the Rome Statute, in 2002 to prosecute war crimes, genocides, and crimes against humanity. While it continues to face serious challenges to its enforcement powers, it has had the effect of putting tyrants everywhere on notice that they can no longer act with impunity. If ecocide—the loss, destruction, or severe damage of an ecosystem—were declared a crime by the ICC, this could have a similarly daunting effect on those corporate tyrants who currently know they can get away with devastating the world’s “sacrifice zones” where they are pillaging the earth’s resources for profit.

There is a campaign, Eradicating Ecocide, already under way to make this happen. A model law has been drafted, and an Earth Protectors Trust Fund has been set up to permit common people everywhere to become legal Earth protectors. If a two-thirds majority of the Rome Statute signatories were to approve this as an amendment, it would become enforceable globally. Suddenly, corporate boards and CEOs everywhere would realize they are no longer above the law.

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There is a strange paradox to consider about these proposals.  One the one hand, notice how limited they are in scope. Even if they were all implemented overnight, the global system would not be overturned. People would still go to work and get paid, food would still be on the shelves of the grocery store, the same governments would still be in power, and the internet would still work. The gaping structural inequities of our current world order would continue unabated, and we’d still be consuming far more than our planet can sustain. Ultimately, we need a complete transformation of our global system if our civilization is to survive intact through this century.

On the other hand, it doesn’t take a political genius to realize that these ideas are so far from mainstream thinking that they have virtually no chance to be adopted any time soon. They would be considered too radical for even the most progressive mainstream politician to endorse. What does this tell us about our current political dialogue? To me, it suggests that our conversations are too severely constrained by what we’re “allowed” to think in terms of how our system works. We need to cast our gaze outside the norms that our billionaire-controlled mainstream media permits us to consider.

Imagine a world where these ideas (or others like them) began to be seriously entertained. How would they even be enforced? The only way corporations could be brought to heel, or billionaires compelled to give up their excess billions, would be a concerted effort led by the United States in conjunction with the European Union, and joined by the preponderance of other countries.

This, of course, could only happen if grassroots demand for these ideas spread so powerfully that politicians had to take notice. This is not such an unrealistic scenario, given the worldwide disavowal of the dominant capitalist model: most Europeans have a higher opinion of socialism than capitalism, and even in the US, the overwhelming majority see big business as unethical and unfair.

Then, there is the potential “trim tab” effect of adopting these ideas. Even though these proposals alone wouldn’t fundamentally transform our system in the way that’s needed, they might set changes in motion that could eventually take us there. There may be other ideas more effective than these, and of course each proposal contains within it complications that would need to be worked out carefully. However, my hope is that these ideas invite a new mode of political dialogue, along with a recognition that even in the darkest times, realistic pathways exist toward a thriving future for humanity and the natural world.

Occupy Wall Street
The next Occupy movement will need clear demands that lead to specific deliverables

When the Occupy movement failed to achieve its initial promise, many people pointed to its lack of specific demands as a reason for its demise. If and when the next radical grassroots movement emerges, which may be sooner than you expect, let’s make sure they have an array of ideas such as these in their quiver to focus public opinion on actual political deliverables.

There are very few people who really want to see our civilization collapse. If these proposals eventually did get implemented, perhaps even the executives of the transnational corporations might sleep better at night, knowing that they can become part of the solution rather than a force of destruction.


Jeremy Lent is author of The Patterning Instinct: A Cultural History of Humanity’s Search for Meaning, which investigates how different cultures have made sense of the universe and how their underlying values have changed the course of history. He is founder of the nonprofit Liology Institute, dedicated to fostering a sustainable worldview. For more information visit jeremylent.com.

 

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“The collapse of our civilization is not a political issue.” Really??

The cover article of New Scientist this week asks “Is Western civilization on the brink of collapse?” I’m glad they’re raising this question, but their discussion was extremely disappointing.

First, as George Monbiot points out in a follow-up article, the article fails to distinguish between Western and global civilization, conflating two very different issues: 1.) the recent historical dominance of the West over the rest of the world, and  2.) the unsustainable dynamics of our global civilization.

Worse, in their editorial, they argue that on the issues of climate breakdown and environmental collapse, those raising the alarm have “prematurely politicised the science and hence provoked pushback from people on the other side of the fence.” To me, that reads like saying that those who argue that the Earth orbits the Sun have prematurely provoked pushback from the Flat Earth Society by emphasizing the role of gravity. It’s the kind of thinking that grants false equivalency to climate deniers and leads to pseudo-scientists funded by the Koch brothers getting equal television time to real scientists representing 98% of scientific opinion.

Bill Nye and climate deniers
Arguing against “politicizing” civilizational collapse is the same mindset that leads to offering equal TV time to pseudo-scientific climate deniers

As I describe in my recent article, “What Will It Really Take to Avoid Collapse?“, the underlying drivers impelling our global civilization to the precipice are the economic structures of a global capitalist growth-based system driven by massive transnational corporations that are more powerful than individual nations. Since politics is, by definition, about the dynamics of power and governance, how is it possible either to diagnose the problem or suggest solutions without it being political?

Even when environmental scientists assiduously try to avoid politics and offer science-based solutions to problems, such as Stanford professor Mark Jacobson has done with The Solutions Project, the political pushback from embedded political interests is enormous. The fact is that there are solutions to our climate breakdown, and there are even ways to restructure our society to prevent collapse, but the political will is lacking.

At a deeper level, only a transformation of our society’s underlying values will move us in the direction we need to go. But the ramifications of this are profoundly political, (and to argue otherwise is itself a political stance).

If anyone is interested in looking deeper into this critical issue, here are some books I recommend (other than the final two chapters of my own book, The Patterning Instinct):

Thomas Homer-DixonThe Upside of Down: Catastrophe, Creativity, and the Renewal of Civilization. Washington, DC: Island Press, 2008.

A deeply insightful book that uses a sophisticated understanding of systems thinking to analyze some of the structural problems of our civilization.

Paul Raskin et al., Great Transition: The Promise and Lure of the Times Ahead (Boston: Stockholm Environment Institute, 2003)
A short but deeply thought through assessment of the possible future scenarios facing humanity.

Al Gore, The Future: Six Drivers of Global Change (New York: Random House, 2013).
A thorough and discerning evaluation of the major drivers for change in our global society, and their implications for the future.

Joseph A. Tainter, The Collapse of Complex Societies (Cambridge: Cambridge University Press, 1988).
A scholarly analysis of societal collapse that has deservedly framed much serious discussion on the topic since its publication.

Jorgen Randers, 2052: A Global Forecast for the Next Forty Years (White River Junction, VT: Chelsea Green, 2012).
A thoughtful projection into the future by one of the original team members of Limits to Growth.

Thomas Berry, The Great Work: Our Way Into the Future (New York: Three Rivers Press, 1999).
A penetrating and visionary account of the enormity of the challenge and opportunity facing humanity in the future.

You can also explore the question of where our society is heading on this section of my website.

 

What Will It Really Take to Avoid Collapse?

Fifteen thousand scientists have issued a dire warning to humanity about impending collapse but virtually no-one takes notice. Ultimately, our global systems, which are designed for perpetual growth, need to be fundamentally restructured to avoid the worst-case outcome.

For a moment, the most important news in the entire world flashed across the media like a shooting star in the night sky. Then it was gone. Last month, over fifteen thousand scientists from 184 countries issued a dire warning to humanity. Because of our overconsumption of the world’s resources, they declared, we are facing “widespread misery and catastrophic biodiversity loss.” They warned that time is running out: “Soon it will be too late to shift course away from our failing trajectory.”

This is not the first such notice. Twenty-five years ago, in 1992, 1,700 scientists (including the majority of living Nobel laureates) sent a similarly worded warning to governmental leaders around the world. In ringing tones, they called for a recognition of the earth’s fragility and a new ethic arising from the realization that “we all have but one lifeboat.”

This second warning contains a series of charts showing how utterly the world’s leaders ignored what they were told twenty-five years earlier. Whether it’s CO2 emissions, temperature change, ocean dead zones, freshwater resources, vertebrate species, or total forest cover, the grim charts virtually all point in the same dismal direction, indicating continued momentum toward doomsday. The chart for marine catch shows something even scarier: in 1996, the catch peaked at 130 million tonnes and in spite of massively increased industrial fishing, it’s been declining ever since—a harbinger of the kind of overshoot that unsustainable exploitation threatens across the board.

Charts from Scientists' Warning
Charts from “World Scientists’ Warning to Humanity: A Second Notice”

Along with their warning, the scientists list a dozen or so examples of the kind of actions that could turn humanity’s trajectory around. These include indisputably necessary strategies such as halting the conversion of native habitats into farmland; restoring and rewilding ecologies; phasing out fossil fuel subsidies; and promoting dietary shifts toward plant-based foods. With the future of humanity at stake, why aren’t we already doing these things? What will it really take for our civilization to change course and save itself from destruction?

Ignoring climate breakdown

We can begin to answer that simply by looking at the media’s reception to this warning. With fifteen thousand scientists—including Jane Goodall, E. O. Wilson, and James Hansen—declaring a potential catastrophe at hand, you might think this would make headlines everywhere. Think again. While it led to a few short articles in select publications around the world, with the one commendable exception of CNN, it was virtually ignored by American mainstream media.

Scientists
Jane Goodall, E. O. Wilson and James Hansen were among the celebrity scientists warning humanity

This should hardly come as a surprise. In fact, global climate breakdown—perhaps the greatest existential threat faced by our civilization—is barely considered newsworthy on American television. In 2016, the hottest year on record, when the Paris agreement was signed and presidential candidates held widely differing opinions on climate change, the entire year’s climate coverage by all network news services in the U.S. amounted to less than an hour: a paltry 50 minutes, representing a 66% drop from the previous year.

How could that be? One reason is that, as a result of decades of massive industry consolidation, the U.S. media is controlled by a few large corporations. Like all shareholder-owned companies, their overriding concern is making profits, in this case from advertising dollars. The news services, once considered a hallowed responsibility administered for the public good, have been reduced to just another profit center—and it was decided that climate change news isn’t good for advertising revenue, especially since a big chunk of that comes from the fossil fuel and agribusiness companies responsible for much of the problem.

The largest Ponzi scheme in history

Which leads us to some of the underlying structural changes that need to occur if human civilization is to avoid collapse. The fundamental problem is brutally simple: our world system is based on the premise of perpetual growth in consumption, which puts it on a collision course with the natural world. Either the global system has to be restructured, or we are headed for a catastrophe of immense proportions that has never been experienced in human history. However, the transnational corporations largely responsible for driving this trajectory are structurally designed to prevent the global changes that need to take place.

Something that is only dimly understood outside financial circles is that the vast bulk of the wealth enjoyed by the global elite is based on a fabrication: a belief in the future growth in earnings that corporations will deliver. For example, the current P/E ratio of the S&P 500 is about 23, which means that investors are valuing companies at twenty-three times their earnings for this year. Another way of looking at it is that less than 5% of the wealth enjoyed by investors relates to current activity; the rest is based on the dream of future growth.

Wall Street
The vast bulk of the global elite’s wealth is based on the dream of future growth

Historically, investors have been richly rewarded for this dream. The world’s economic output is roughly twenty times greater than it was in 1950, and market valuations have increased accordingly. But this is the same growth that is driving our civilization to collapse. Today’s market values are based on a belief that the world’s economic output will triple from its current level by 2060. That implies three times as much pillaging of the world’s resources than the rate that has led to the scientists’ dire warning to humanity. Something has to give.

Like any Ponzi scheme, this global growth frenzy is based on maintaining the illusion for as long as possible. Once it becomes clear that this rate of growth is truly unsustainable, the whole house of cards will come tumbling down. We saw in the 2008 financial meltdown a relatively limited dress rehearsal for what a full-scale financial collapse would look like.

This is what the global power brokers don’t want anyone to think about. It’s ultimately why the media obsesses with Donald Trump’s latest tweets rather than the devastation caused by climate breakdown-induced hurricanes. Like passengers moving deckchairs on the Titanic, much of the world’s population has been hypnotized by a daily onslaught of celebrity spats and political feuds—anything to avoid the realization that we are all heading for collapse in order to keep the affluent in luxury. It is a testament to their success so far that, in the words of Slavoj Žižek, it is “easier to imagine the end of the world than the end of capitalism.”

Imagining the end of capitalism

However, the only thing that will truly avert collapse will be a radical restructuring of the economic system that is driving us ever more rapidly to that precipice. This will only come about when enough of us are ready to jettison the consumer values that pervasive mainstream culture foists on us. In their place, we need to find other sources for meaning in our lives: growing the quality of our experiences rather than our consumption, building our communities together, and reconnecting with the natural world.

On that basis, we’ll be better equipped to join in the struggle to save humanity—and the rest of the earth—from the plundering envisaged by the perpetual growth frenzy of global corporate capitalism. There are plenty of alternative paths available to us—we just don’t hear about them because they never get the media’s attention. Most Americans, for example, are completely unaware that the little country of Costa Rica, with a GDP per capita less than one-fifth of the U.S., boasts a higher average life expectancy and enjoys far higher levels of wellbeing—while producing 99% of its electricity from renewable sources.

There is valuable work being done around the world in visualizing a future based on different principles than the current Ponzi scheme. Well-developed plans to avert climate breakdown include a state-by-state and nation-by-nation pathway to reach 100% renewable energy by 2050, and a Climate Mobilization Victory Plan to restructure the U.S. economy in a manner similar to what FDR accomplished after Pearl Harbor.

There are radically different ways for a society to function effectively that could apply to nations around the world if given half a chance. A flourishing future might involve more cooperative ventures, protection and expansion of the commons, and enhanced global governance with strict penalties for those who destroy ecological wellbeing. Collapse isn’t the only future in store for humanity—it’s merely the one we’re headed for unless and until we change course. Since the mainstream media isn’t going to get the word out, it has to be up to each of us who cares about the future of the human race. So, let’s get to it.

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Jeremy Lent is author of The Patterning Instinct: A Cultural History of Humanity’s Search for Meaning, which investigates how different cultures have made sense of the universe and how their underlying values have changed the course of history. He is founder of the nonprofit Liology Institute, dedicated to fostering a sustainable worldview. More info: jeremylent.com.