Abstract
The transition to a low-carbon economy posits the challenge of how to transform finance-led capitalism into a more ecologically oriented economy. Major systemic transformations in the past have typically required a dual-sequence of structural crisis and political shifts. We may find ourselves once again in such a situation, especially if the acceleration of climate change brings about a panic-like reaction and an alternative political program capable of pushing through the reforms we need to move to eco-capitalism. Such a reform program requires a progressive vision of globalization , proposals for a new social contract , promotion of a “social and solidarity economy ” beyond the market-state dichotomy, a profound rethinking of economics and finance in the face of climate change, incorporation of sustainable-development goals, and new cooperation mechanisms for the emerging multipolar world economy.
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Guttmann, R. (2018). Sustainable Development and Eco-Capitalism. In: Eco-Capitalism. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-92357-4_8
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