The virus, the global economy and the climate

The virus, the global economy and the climate

Image: Vlad Busuioc / Unsplash

Some remarks on the interaction of inner and outer barriers of the capitalist world system given the increasing panic

Finally, breathe freely, dangle the soul, come to rest – Corona is thank you? Under the lapping of human suffering and social panic, which has caused the dangerous pandemic for many decades, the decommissioning of production capacity seems to have led to a substantial reduction in greenhouse gas outbreaks of greenhouse gases.

If only these ecological consequences of the global epidemic are considered, the thought could be determined, the virus point the perfect panacea against the climate crisis, in whose solution the capitalist polite elites has repeatedly failed for decades again and again. This problematic view, in which the devastating social consequences of the pandemic are subordinated to the hoped-for climatic effects, is indeed in parts of the climate movement, such as the Group Extinction Rebellion,.

The reduction of the outset of greenhouse gases associated with the reduction of goods production and distribution in China, the workshop of the world, has already amed gigantic discharge. Within a few weeks, the state capitalist "People’s Republic" Saved around 100 million Metric Tons CO2, the magazine Time reported on its webprasence, referring to a corresponding study, which compared this-year-old outset with the same period of the previous year. This reduction in the emissions of greenhouse gases correspond to approximately the quarry outstob Chile, won it on.

This rapid reduction in CO2 emissions was drawn by the measures that were adopted to evaluate the epidemic in China from the local authorities. In addition to travel covers, it is mainly the standstill in many production branches, which contributed to this development.

the "Pictures of empty city" MOGEN dominate the public perception of the epidemic in the West, Time remarked, but China’s energy consumption is mainly determined by the product-producing industry, whose consumption of coal and OL was significantly reduced due to production offices.

The ocological consequences of the epidemic are seen on satellite images that have a huge rint of air pollution in the Chinese industrial regions. The wage deposits in the State Capitalist People’s Republic, which are used to run around due to the enormous pollution with respiratory protective masks, could now endure freely – if they did not have to wear the epidemic for protective masks.

The Chinese economic stimulus package

Nevertheless, it seems doubtful whether the production traps in the workshop of the world producing approximately a large part of the fastest-time slimming, capitalist electric crowd, this year is actually a reduced greenhouse gas outline, remarked Time. The government in China has already announced an economic stimulus package, which re-revive the economy through gigantic investment in the infrastructure.

This will probably drove that at the end of the year the emissions of greenhouse gases in China will still be gross year-on-year because the land coal and OL would burn to produce more steel and cement. In addition, production should be raised again as quickly as possible, the time reported, even if the epidemic in China is farvered for a long time.

Against the background of the escalating air conditioning crisis, this acts thus absurd, legally self-mortal: The reaction to the falling emissions of greenhouse gases is the outstand by classic Keynesian "Pyramidal projects" To increase again, so to balance the case of industrial production by understated building activity.

Similar demands for economic offices, with which the stuttering economic engine is to be brought back to tours, are in the Federal Republic in the discussion. In the US, the central bank has meanwhile lowered interest rates as high as the financial crisis 2008, so as to maintain the economic growth momentum.

History Repeating?

The parallels to the last gross crisis boost of the spat capitalist world system, as the transatlantic real estate bubbles in the US and wide parts of Europe burdened and the subsequent burglary of the economy had to be collected by means of gigantic economic programs and excessive money printing, seem to be evident in many burial observers.

It would like to argue that the pandemic represents only the concrete nobleman, which stimulates a labile, internal contradiction-torn and fabricating in existent debt mountains in the next crisis chest. It is by no means certain that the now feverishly implemented economic and monetary policy measures can again stabilize the fragile global card home.

But even okologically, the parallels to the last crisis boost from 2008/09 seem to openly appear: there were so far in 21. At the age of a year, in which the superficial impression could arise, the reduction of CO2 emissions were still possible in the context of the spat capitalist world system: this was the case in the crisis year 2009. In fact, global emissions of greenhouse gases were significantly backed up this year to the previous year – by 1.3 percent towards the previous year.

But this decline was simply for the global economic crisis to bring back all important economic rooms after bursting the transatlantic real estate bubbles in Europe and the USA. When the financial markets in the wake of the bankruptcy of Lehman Brothers, in 2009, in 2009, the global economic crisis fell out, the US and Europe had to fight with fierce economic bumps and the first paperization of the American middle class and Suddeuropas crisis states collected – only the carbon dioxide emissions were switched to 1, only then 3 percent back. Obviously, only violent recessions are capable of reducing emissions from CO2.

It was just the "successful" Keynesian crisis food that destroyed this illusion of a capitalism-compatible climate protection very quickly. In order to prevent the crash of the global economy, the leading industrialized nations and economic rooms have set up massive economic stimulus programs in which credit financed demand has been generated – such as state investment in the infrastructure and the real estate sector (China) or in consumer syringes such as the Okologically Nonsensical German "Scrapbook", at the alter cars could be scrapped by their owners to acquire new vehicles with state grants.

The goal was to create demand for a product-producing industry in order to prevent their economic crash together with mass unemployment and miselification. The state programs that are spent to maintain the stuttering capitalist economic motor, actually achieved enormous dimensions at the global scale.

The Kiel Institute for Global Economy (IFW) accounted for around three trillion US dollars in 2009 to the worldwide scope of state economic aid in 2009. This gigantic state demand, according to IfW, corresponded. 4.7 percent of the world income.

This policy was thus globally ultimately "successfully", as the economic crash – with the exception of the Sudeuropas driven by Berlin, could be prevented and despite all the social erosion processes, which, above all, the US middle class decimated, a lengthy world economic crisis according to the pattern of the 30s of the 20. Century – so far – could be averted. Obologically, this successful Keynesian economic manove was simply devastating.

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