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Greenwashing and sustainable investment: why capitalism can't solve the climate crisis

Helena Nicholson

Socialist economic planning is the only way to ensure a just transition to low-carbon energy and sustainable production.

Left to the market, any move to green alternatives will never be rapid enough, since fossil fuels remain so highly profitable; the manufacture of renewable technologies will be scarred by brutally exploitative, destructive, and profit-driven practices; and workers in obsolete, polluting industries will be thrown onto the scrapheap of unemployment.

If we want to actually “build back better”, we need to fundamentally transform the economy along socialist lines: replacing the chaos of capitalism with a rational, sustainable, and democratic plan of production, based on public ownership of the major monopolies, under workers’ control.