by George Monbiot
Climate breakdown, peak oil and resource depletion will all dwarf the current financial crisis, in both financial and humanitarian terms. But, just as they did with the banks, the G20 leaders appear to have decided to deal with these problems only when they have to – in other words, when it’s too late. They persuade themselves that getting the economy back to where it was – infinite growth on a finite planet – can somehow be reconciled with the pledge “to address the threat of irreversible climate change”.
Next time this magical thinking fails, there’ll be no chance of a bail-out.