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Climate Change and Neoliberalism
from Part III - New Lines of Inquiry
Published online by Cambridge University Press: 18 February 2021
The crisis of anthropogenic climate change, bad enough in isolation, is made worse by the hegemony of neoliberal, free-market economic orthodoxy. Almost everywhere the idea of “the market” reigns supreme, like an angry god demanding constant deference and tribute. The essential problem is this: Neoliberalism is hostile to the idea of economic planning and redistribution; it maintains that the market is largely self-regulating, but adapting to and mitigating the worst of climate change will require robust and active states.
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