The “Great Dying” Has Begun. Only Transforming the Economy Can Stop It.

Life is once again headed for total collapse. While coverage of last week’s major Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) report on biodiversity loss rightly played up the dire numbers — an estimated 1 million species gone by 2050 — what’s truly remarkable are the solutions the authors offer in response. Ditching the timid pragmatism of technocrats, these scientists are calling for nothing less than the total transformation of the global economy. Producing for profit has failed us, they say, and failed the planet. We need a new system.
Only “transformative change” can stop massive species loss, according to the report’s conclusion. That means overhauling the global economy to prioritize human well-being and environmental sustainability rather than the pursuit of profit. “We’re not addressing the underlying causes of biodiversity loss, which is the way we organize economies, production and consumption patterns, our institutions, and our rules,” says Ingrid Visseren-Hamakers, associate professor of environmental science and policy at George Mason University and a coordinating lead author of the IPBES report. “We need to transform the sheer fabric of our society to become more sustainable.”
Today’s great dying is happening faster than ever before, and its causes are clear: breakneck development, fossil-fueled global warming, industrial pollution, single-crop agriculture. Complex as these processes are, they point to a common culprit: A growth-based economic system bent on wringing cash from nature has exploited the planet’s ecosystems beyond what they can bear. Now, Earth’s fragile life-support system is entering a death spiral that threatens human existence and which no one is prepared to stop.

— Read on onezero.medium.com/the-great-dying-has-begun-only-transforming-the-economy-can-stop-it-4eadd8f7ccf8