Climate Change Advocates Attack Capitalism | Stock News & Stock Market Analysis - IBD

Climate Change Advocates Attack Capitalism | Stock News & Stock Market Analysis - IBD:
"Environmentalism: Every once in a while, environmentalists will let slip that the goal of fighting climate change can't be won unless capitalism is first defeated.
The fact that there's no evidence to support the claim doesn't seem to matter.
The latest to make this case is Arizona State University fellow Benjamin Fong in an Op-Ed published recently by the New York Times, headlined "The Climate Crisis? It's Capitalism, Stupid."
"It should be stated plainly: It's capitalism that is at fault," he writes.
Or, what he later calls "the rampant stupidity of capitalism."
The answer, he says, is a "democratic socialist society."
Fong isn't the only one making this claim. Naomi Klein's 2014 book titled "This Changes Everything: Capitalism vs. the Climate" argues that the planet is doomed unless the world abandons "free market" ideology.
Christiana Figueres, executive secretary of U.N.'s Framework Convention on Climate Change, admitted that the goal of climate change policy wasn't just to cut CO2 emissions, but "to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution..."
Read on!