The Social Costs Of
Capitalism Are Destroying Earth’s Ability To
Support Life
By Paul Craig Roberts
March 29, 2015 "ICH"
- I admire David Ray Griffin for his
wide-ranging intelligence, his research
skills, and for his courage. Dr. Griffin is
not afraid to take on the controversial
topics. He gave us ten books on 9/11, and
anyone who has read half of one of them
knows that the official story is a lie.
Now Griffin has taken on
global warming and the CO2 crisis. His book
has just been published by Clarity Press, a
publisher that seeks out truth-telling
authors. Griffin’s book is a hefty 424 pages
plus 77 pages of footnotes documenting the
information that he presents.
Unprecedented: Can Civilization Survive The
CO2 Crisis? is no screed. The book is a
carefully researched document.
Readers often ask me to
write about global warming, chemtrails,
vaccines, and other subjects beyond my
competence. However, I can see that Griffin
has made a huge investment in researching
climate change. His book provides a thorough
account under one cover.
Griffin concludes that
civilization itself is at stake. His
evaluation of the evidence is that humans
have about three decades to get CO2
emissions under control, and he sees hope in
the agreement between Obama and Chinese
president Xi Jinping that was announced on
November 11, 2014.
Griffin argues that
instead of rushing to their own destruction
like lemmings, the human race must accept
the moral challenge of abolishing the
fossil-fuel economy. He makes the case that
clean energy permits most of modern
society’s way of life to continue without
the threat posed by ever rising emissions.
Nuclear energy is not
among clean energy sources–just look at the
ongoing radiation pollution from Fukushima.
Griffin is correct in the way he has framed
the issue. It is a moral challenge.
Clearly the climate is
changing, whether caused by CO2 emissions or
some other cause. Every day brings more
reports of perils associated with climate
change.
See for
example:
The planet is being
polluted with many
forms of
waste:
Our foods are also
polluted. On one hand our food is polluted
with herbicides and on the other hand by
antibiotics. And then we have hormones and
pesticides. The World Health Organization
has concluded that the glyphosate in
Monsanto’s Roundup, a herbicide widely
sprayed on GMO food crops, is
a likely causes of cancer
in humans and animals.
Glyphosate, which is also
believed to be exterminating honey bees and
Monarch butterflies, is now present in 75
percent of air and rain samples. Some time
ago I reported on a microbiologist who wrote
to the US Secretary of Agriculture about
extensive findings by independent scientists
that glyphosate has serious adverse effects
on animal life and on animal and human
fertility and on the ability of soil to
produce nutrition in food crops. The
scientist pointed out that the US
government’s clearance of glyphosate rested
entirely on the industry’s own studies of
its safety and that these “studies” are not
substantiated by independent scientists. He
pointed out that not only are the studies
done by scientists employed by Monsanto, but
also many agricultural science university
faculties are dependent on research funds
from the chemical industry and thereby do
not have an independent voice.
(On a French TV show a
Monsanto representative claimed Roundup
was safe enough to drink,
but turned down the offer from the show’s
host to demonstrate by drinking a glass by
exclaiming “I’m not stupid!”
Martha Rosenberg writing
in CounterPunch reports that 70 percent of
all antibiotics are fed to livestock because
it produces weight gain and saves money on
feed costs. Ninety-three percent of doctors
are concerned about the meat industry’s
excessive use of antibiotics, and
independent scientists have definite
evidence that the growing resistance of
bacteria to antibiotics is due to the use of
antibiotics as animal feed.
Scientists at the
University of Iowa found Methicillin-resistant
Staphylococcus aureus in 70 percent of
farmed hogs. A Consumer Reports
investigation found that US meat, regardless
of the meat’s source, is full of “pathogens,
commensals, and antibiotic resistant
bacteria.” Pork tested contained five
resistant bacteria strains.
The Food and Drug
Administration, severely weakened by
Republicans, cannot stand up to Big Meat.
Rosenberg reports that “when the FDA tried
in 2008 to ban farm use of cephalosporins
(antibiotics like Cefzil and Keflex) because
they are needed for pneumonia, strep throat,
and other serious human conditions, the egg,
chicken, turkey, milk, pork, and cattle
industries and the animal Health Institute
stormed Capital Hill.”
Congress responded to the
campaign donations, not to the health and
safety of the American people. The Animal
Health Institute consists of the drug
companies who make profits selling 70
percent of their production to meat, egg,
and milk producers. The members of the
“health” institute are Abbott, Bayer
Healthcare, Elanco/Lilly, Merck, Boehringer,
Ingelheim Vetmedica, Novartis, etc.
In other words profits
come far ahead of public health. As the drug
companies have more or less stopped the
development of new antibiotics, the
protection antibiotics provide against
infections is rapidly fading.
The horror goes on. During
a time of severe drought in the western US,
with California reportedly left with one
year’s supply of water, the fossil-fuel
fracking industry is polluting the remaining
surface and ground water.
All of these
activities–use of antibiotics as animal
feed, use of GMO herbicides, fracking–are
profitable because they impose huge external
costs on the environment and on third
parties who are not participants in the
profits gleaned by externalizing the costs
of production. And this brings us back to
Griffin’s important book.
Griffin makes the point
that the external cost imposed on the
climate by fossil-fuel use is the source of
the life-threatening crisis that humanity
confronts. Capitalists make money by
exploiting labor and by externalizing the
costs of the wastes produced by the
productive process by imposing the wastes on
the environment. It is the short-term time
horizon of production organized by selfish
private interests focused on quarterly
profits that is destroying the livability of
the earth.
Almost every economist on
earth will rise up in opposition to that
true statement, because they are brainwashed
in the neoliberal ideology that masquerades
as economic science, but in fact is nothing
but an apology for capitalist exploitation
of labor and the earth.
I happened to be one of
Ronald Coase’s graduate students the year he
published his famous article on “The Problem
of Social Cost” (external costs) for which,
together with his article, “The Theory of
the Firm,” he was awarded the Nobel Prize in
Economics. In theory, externalities can be
internalized into the process of production
so that the producer bears all the costs if
all inputs and waste products are subject to
property rights. But no one owns the
atmosphere, the oceans, the rivers and
streams. They remain “common property” and
thus are dumping grounds for waste disposal.
Governments, despite
pressure from corporations, have realized
that pollution is a problem, and governments
have imposed some regulation. The regulation
raises some costs to corporations, but the
regulation is insufficient to halt very much
of the externalization of the cost of
production. In economic terms, this is the
crisis that David Ray Griffin presents to
us.
Capitalism’s pursuit of
profit is destroying life on earth.
Dr.
Paul Craig Roberts was
Assistant Secretary of the Treasury for
Economic Policy and associate editor of the
Wall Street Journal. He was columnist for
Business Week, Scripps Howard News Service,
and Creators Syndicate. He has had many
university appointments. His internet
columns have attracted a worldwide
following. Roberts' latest books are
The Failure of Laissez Faire Capitalism and
Economic Dissolution of the West and
How America Was Lost.