When reading about climate change I've seen some articles compare the level of economic restructuring needed to address climate change to rearmament and the war effort during ww2.
Is this a good comparison to make? It has led me to question how did capitalism function during the war as it must have differed from todays globalised, financialised, free market, interdependent and international trade type capitalism.
Its also led me to ask if its theoretically possible for states to regard climate change as an existential threat and nationalise their economies so that they can eliminate greenhouse gas emissions and transition to renewable energy.
I guess I am basically asking if its possible for capitalism to restructure itself to adapt to climate change. It obviously isn't an anarchist solution, and we would still have capitalisms rampant resource extraction linked to growth to address, but if it created an economy based on renewable energy and reduced the impact of climate change it would surely be worth suporting right?
No.