Patrick Bond

With climate change posing as one of the gravest threats to capital accumulation - not to mention humankind and our environment - in coming decades, it is little wonder that economists such as Sir Nick Stern, establishment politicians like Chancellor of the Exchequer Gordon Brown and US Democrat Al Gore, and financiers at the World Bank and in the City of London have begun warning the public and, in the process, birthing a market for carbon dioxide (CO2) emissions.

What sort of dogmatic free-market ideologue would use poor people’s (often socially constructed) desire for credit to justify shrinking the already beleaguered welfare policies of wretched Third World states?

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