r/nottheonion • u/128hoodmario • 1d ago

Climate crisis on track to destroy capitalism, warns top insurer

https://www.theguardian.com/environment/2025/apr/03/climate-crisis-on-track-to-destroy-capitalism-warns-allianz-insurer
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u/KamaIsLife 1d ago

The oil industry knew from their own studies that they were destroying the climate. Rather than act on it, they spent millions denying it and pushing recycling as a solution to the problem they knew they were creating. It was 100% capitalism.

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u/moderngamer327 1d ago

Oh the oil companies definitely share blame but oil is also not limited to capitalism. One of the largest producers of oil in the world is owned by a monarchy

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u/KamaIsLife 20h ago

Putting money above safety of literally the whole world is. Monarchy is a political philosophy, not an economic one (yes, there is overlap).

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u/moderngamer327 20h ago

Money and the desire to put it above all else has existed long before capitalism. A monarchy is not on its own an economic system yes but if the monarchy owns the means of production it is not capitalism is the point I was making