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SUMMARY:Planetary Crises: 'The Alibi of Capital'
DESCRIPTION:Next monthly session May 20\nThe MEP’s Ecosocialist Study Group welcomes new participants as we read and discuss a range of important new works on the science and politics of the climate emergency\, the nature of economic and ecological crises\, and related topics. We are moving to a monthly format and will be covering one book each month. At our next session on May 20 we will discuss The Alibi of Capital\, by Timothy Mitchell. \nToday\, extraordinary wealth seems to arrive from nowhere. The trick of conjuring this unearned wealth is\, in fact\, the key to understanding capital­ism’s origins and a clue to why the catastrophe of climate collapse is upon us: value is created by consuming the future. The Alibi of Capital explains how this came about through the imperial expansion of the West\, en­cumbering today’s generations with repayments on earlier extractions. Timothy Mitchell identifies the forms of capitalization\, credit\, and coercion that turn prospective assets into present income. Rejecting the common idea that claims on the future create only financial or fictitious capital\, he traces the terraforming projects – the destruction of rivers\, the colonizing of territory\, the expan­sion of infrastructure\, and the burning of carbon – through which the future has been squandered. Alibis that conceal this devastating form of extraction include “common sense” notions such as finance\, technology\, the economy\, and growth. \nOther recently published books we have read or will consider reading include: \n\nAgainst the Crisis: Economy and Ecology in a Burning World\, by Ståle Holgersen\nFree Gifts: Capitalism and the Politics of Nature\, by Alyssa Battistoni\nAnthropocene Communism: Land and Capital in the Age of Disaster\, by Paul Guillibert\nOvershoot: How the World Surrendered to Climate Breakdown\, by Wim Carton and Andreas Malm\nThe Long Heat: Climate Politics When It’s Too Late\, by Carton and Malm\nMore\, More and More: An All-Consuming History of Energy\, by Jean-Baptiste Fressoz\nWorking Nature: A History of the Energy Economy\, by Daniela Russ\n\nFacilitated by Fred Murphy. Since 2015 Fred has led numerous MEP study groups on ecosocialism\, science and technology\, political economy\, the history of capitalism\, and Latin American politics. He studied and taught historical sociology at the New School for Social Research and reported from Latin America for several socialist publications.
URL:https://marxedproject.org/event/planetary-crises-2026/
LOCATION:Online Event – Zoom Meeting
CATEGORIES:Accumulation of Capital,Agribusiness,Classes/Events,Crisis,Ecosocialism,Extractivism,Imperialism,Multi-session Classes,Political Economy,Political Strategy,Reading Group,Social Reproduction,Spring 2026,Winter 2026
ATTACH;FMTTYPE=image/jpeg:https://marxedproject.org/wp-content/uploads/2025/09/earthday.jpg
ORGANIZER;CN="Ecosocialist Study Group":MAILTO:nymarxedproject@gmail.com
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