Capitalism and the Environment

Capitalism and the Environment by Shi-Ling Hsu, published by Cambridge University Press on December 9, 2021, is a comprehensive exploration of the intersection between economic systems and environmental challenges. This 400-page book addresses the rising economic inequality and existential environmental threats that have led to a global reevaluation of capitalism. Hsu contends that these crises are not inherent flaws of capitalism but rather political failures stemming from poor decision-making.
In this edition, readers will find a critical analysis of how inequality and environmental degradation can be addressed through informed political choices rather than a complete overhaul of capitalism. Hsu argues for a reimagining of economic policies that leverage capitalism’s potential to foster positive change. The book delves into topics such as economic development, public policy, and the role of law in shaping environmental outcomes, offering insights into how a different set of choices can help mitigate the pressing issues of our time.
Official synopsis Publisher
Rising economic inequality has put capitalism on trial globally. At the same time, existential environmental threats worsen while corporations continue to pollute and distort government policy. These twin crises have converged in calls to revamp government and economic systems and to revisit socialism, given up for dead only 30 years ago. In Capitalism and the Environment, Shi-Ling Hsu argues that such an impulse, if enacted, will ultimately harm the environment. Hsu argues that inequality and environmental calamities are political failures – the result of bad decision-making – and not a symptom of capitalism. Like socialism, capitalism is composed of political choices. This book proposes that we make a different set of choices to better harness the transformative power of capitalism, which will allow us to reverse course and save the environment.
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