Resources: Economics and finance, Power Point

In its never-ending struggles to get the upper hand over workers, business has often dreamed of perpetual motion machines: devices that could deliver work without workers or the fossil fuels needed to power the engines that discipline them. The dream can only ever be a dream, however. Not only are perpetual motion machines physically impossible. Even if they could be built, they would destroy capital itself. Business cannot do without the human and nonhuman activity that it coopts, degrades and exhausts in cycle after cycle, because it is the source of the value it seeks.

The United Nations Environment Programme pretends to believe that the deepening global financial and economic crisis can be ignored in its plans for the "Green Economy". A PDF of a presentation for a meeting held in June 2012 by the Heinrich Boll Foundation on the occasion of the "Rio + 20" international environmental conference -- available from The Corner House upon request -- lists some reasons why NGOs would be ill-advised to share this insouciant attitude, and proposes more realistic lines of strategy in the face of the current crisis.

Proposals for greening the economy necessarily involve the greening of finance as well. But how is a greener finance to be achieved? Activist strategies that fail to take stock of where finance is today in the wake of the 2007-08 breakdown -- and the struggles that are continuing to develop between neoliberalism and the commons -- are unlikely to succeed, and may actually do harm.

A powerpoint presentation setting out these arguments is available upon request to The Corner House.

The approach to climate change that came to grief in Copenhagen in December 2009 is based on fetishism about molecules, numbers and targets. By trying to stuff politics, uncertainty, and history into a black box that is then set to one side, it has ensured its own demise. Tackling global warming effectively requires facing, rather than evading, the realities of inequality, conflict, exploitation, context and uncertainty.