Brutkey

AnarchoNinaWrites
@AnarchoNinaWrites@jorts.horse

The fact is, we've "booked" more than enough fossil fuels to burn the planet to ash multiple times over. These reserves aren't even out of the ground yet, but they are transformed into a financial asset - an asset that is treated as good as if they'd actually sold the oil/gas/whatever already. This asset is then speculated on, borrowed against, traded, and utterly intertwined with the entire economy.

AnarchoNinaWrites
@AnarchoNinaWrites@jorts.horse

If tomorrow you said no more oil, all that booked oil becomes worthless, and everything pinned on it implodes. Most of the richest people in the world would be infinitely less wealthy and powerful, overnight.

Do you think they will ever willingly do that? So we can switch to your "not oil" version of capitalism? Willingly? No right? Now let me remind you:

They own everything, they are buying whole governments and their armies, they are installing fascists and building police states

Guess why?

AnarchoNinaWrites
@AnarchoNinaWrites@jorts.horse

So no, there is no other capitalism besides fossil fuel capitalism because the capitalists themselves will die before they allow that to happen.

Which btw? Might not be such a bad idea, given that even if they fail (and they will fail) it will likely kill billions.

AnarchoNinaWrites
@AnarchoNinaWrites@jorts.horse

PS btw - if you ever sat around asking yourself why fascists and other assorted reactionaries are so committed to climate science denial, this is the deeper layer beyond "well money, duh" that answers that question.

You see, it's not just enough that they force society to continue to burn fossil fuels. For those reserve-based assets to maintain value, the market/investors must assume that we WILL DEFINITELY burn all that oil at some later point.