Capitalism is destructive and unsustainable – It needs to be replaced

Capitalism is destructive and unsustainable – It needs to be replaced

Dissatisfaction with capitalism has grown since the Great Recession. Here, protesters march in Oakland in November 2011. | Occupy Oakland This article is based on remarks made by the author at the CPUSA National Labor Conference, May 20-21, in Chicago.

Several crises of contemporary capitalism have reached or are reaching dangerous tipping points. They are rooted in a path of destructive and unsustainable development.

They include extreme wealth and social inequality, job loss and dislocation from automation, and the existential threat posed by the ecological crisis.These interconnected crises are impacting everything and must be addressed together. And they can be.But […]

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