Korora reviewed The End of Capitalism by Ulrike Herrmann
A Sobering read
4 stars
This is a detailed book that starts with the huge benefits society has gained from the rise of capitalism while highlighting the obvious downsides. The author then moves on to explain that everything Capitalism has accomplished is based entirely on harnessing new and cheaper forms of energy, staring with wood, through charcoal, coal and oil. This pulse of energy that built capitalism is coming to an end with fossil fuels ultimately running out and how we are unable to afford to continue there use in the face of climate change. A comprehensive argument is made that renewable energy will not and cannot replace the cheap energy we are now reliant on and how capitalism cannot survive the impending drop in available energy due to it's need for growth. Unlike similar books, a small section at the end proposes a way forward to a sustainable future.
I found the book compelling …
This is a detailed book that starts with the huge benefits society has gained from the rise of capitalism while highlighting the obvious downsides. The author then moves on to explain that everything Capitalism has accomplished is based entirely on harnessing new and cheaper forms of energy, staring with wood, through charcoal, coal and oil. This pulse of energy that built capitalism is coming to an end with fossil fuels ultimately running out and how we are unable to afford to continue there use in the face of climate change. A comprehensive argument is made that renewable energy will not and cannot replace the cheap energy we are now reliant on and how capitalism cannot survive the impending drop in available energy due to it's need for growth. Unlike similar books, a small section at the end proposes a way forward to a sustainable future.
I found the book compelling while not entirely agreeing with all points. However the general concept is well argued.