minimathsmouse, David Harvey makes a very interesting case, but I think that he is wrong.
He says we are now at an inflection point due to the asset bubble and capitalism has to change. But we were at exactly teh same inflection point in the aset bubble of the 1920s before the Great Crash.
He says we can't keep growing, but we don't keep growing, that is why we have periodic crashes to set growth back after which growth can continue again.
He seems to partially argue against growth, for zero growth, just like teh greens do, who even argue for negative growth. But that favours only those who have all the wealth, the elite, and dooms ordinary people to poverty.
I think he is wrong because he doesn't understand that capitalism is not a clockwork system; it is a system run by people and some of those people are only interested in maximising their own riches. The asset bubbles and crises are created deliberately in order to enrich the elite and impoverish the people.
Here is an article about the money that will be made by the markets in the "carbon trading" markets. The progressives cheer it on, but cui bono?
blogs.telegraph.co.uk/finance/jeremywarner/100003851/here-comes-the-next-bubble-carbon-trading/
People will be impoverished, will pay through the nose for fuel and energy and will eventually have to restrict their travel as it becomes too expensive for them. But there will be free lanes for the elite as they whizz past in their limousines. They tell us that by breathing out carbon dioxide, we are harming the planet. They say there are too many of us. They say they can't feed us. They say we can't carry on eating meat, because the cows' methane is also "harming the planet". They say we will have to start eating ants and that they provide lots of protein, but are short on "cholestreol". They sell it by using the progressive word "sustainability".