Is capitalism sustainable?

The ecological emergency is climate change, biodiversity loss and ideological polarisation. These all imply societal collapse. One thing that is touted as a way out of imminent catastrophe is a move towards socialism. Is changing to a non-capitalist society the answer? Probably not. But there’s a strong argument for a mixed model.

Capital means the goods and services that produce wealth. And wealth comes from the old English word ‘weal’ which has the same route as wellness, or well-being. The most important thing for humans is not to be happy. It is to have a sense of connection. If…