{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","uuid":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","normalized_title":"zombiecapitalismglobalcrisisandtherelevanceofmarx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","isbns":["9781608461042"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":426,"navigation_url":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title_url":"https://workshop.closeclaw.top/ai/title/Zombie%20Capitalism%20Global%20Crisis%20and%20the%20Relevance%20of%20Marx","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","page_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page","search_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/search"},"page":{"printed_page":"3 1 1","pdf_page":311,"physical_index":311,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"ac0433fa85cde1a0c5792f50678560ee591c9fee7dc5231f5725f46dcaa7562c"},"chapter":"Zombie Capitalism Global Crisis and the Relevance of Marx","content":"The issues go to the heart of the system as it is currently structured. High levels of carbon-based energy are central to virtually every productive and reproductive process within the system-not just to manufacturing industry, but to food production and distribution, the heating and functioning of ofice blocks, getting labour power to and from workplaces, providing it with what it needs to replenish itself and reproduce. To break with the oil-coal economy means a massive transformation of these structures, a profound reshaping of the forces of production and the immediate relations of production that flow out of them.\n\nSome people argue that such restructuring takes place all the time under capitalism, and that it is simply a question of governments encouraging it to go in one direction rather than another. This essentially was the case put by Clive Hamilton, defending the market approach of the Stern report in a polemic with George Monbiot:\n\nStern is confident that once a powerful signal is sent to the market, then the market will find a way to carry out the restructuring of the energy economy. There are reasons to believe that Stern is correct. In fifty years time the world will be dramatically different: if a strong signal can be sent now, there are grounds for optimism. While we currently have the technologies to reduce the world's emissions sharply over the next decade or two, by 2050 the market-suitably guided-will present a set of possibilities we cannot foresee.12\n\nWhat is ignored by such arguments is that even if governments do develop effective price mechanisms as signals to encourage investment and production in one direction rather than another, they are signals that have to compete with other signals-those that come from the pressure to maintain profitability from existing carbonenergy intensive investment.\n\nAn oil company may begin to establish divisions aimed at developing carbon free or low carbon energy. But it will also seek to find profitable uses for its existing massive investment in carbon intensive methods (pipelines, refineries, crackers, drilling equipment). The same goes for manufacturing and transportation companies. They will stick with their existing heavy energy using equipment and buildings at last until they have more than covered the cost of their investment in them-and will invest in more of the same, unless the counter-signals from the governments are very powerful.\n\nThe New Limits of Capital\n\n3 1 1","previous_page":310,"next_page":312}