"Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN Secretary-General." ... Those are the stark implications of a new scientific background paper prepared by a team of Finnish biophysicists. The team from the BIOS Research Unit in Finland were asked to provide research that would feed into the drafting of the UN Global Sustainable Development Report (GSDR), which will be released in 2019...The IGS is supported by a range of UN agencies including the UN Secretariat, the UN Educational, Scientific and Cultural Organization, the UN Environment Programme, the UN Development Programme, the UN Conference on Trade and Development and the World Bank.
The BIOS paper suggests that much of the political and economic volatility we have seen in recent years has a root cause in ecological crisis...“We live in an era of turmoil and profound change in the energetic and material underpinnings of economies. The era of cheap energy is coming to an end,” the paper says...“We face a form of capitalism that has hardened its focus to short-term profit maximization with little or no apparent interest in social good.”