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Colombian President Petro blames ‘capitalism’ for climate change and potential ‘extinction of life’ on Earth


Colombian President Gustavo Francisco Petro Urrego spoke on the World Financial Discussion board (WEF) held in Davos, Switzerland about how trendy capitalism could doom humanity.

Petro mentioned different members of the panel about how the planet is reaching “some extent of no return’ in regard to combating local weather change. 

“[We] speak about coverage and politically right discourses once we know that the statistics imply that we’re reaching some extent of no return?” 

He added that such a course could result in “the extinction of life.”

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International consultants together with former Democratic presidential candidate Al Gore on stage on the World Financial Discussion board.

Petro described trendy capitalism as environmentally unsustainable. 

“Can the capitalism that we’ve got recognized within the final 30, 40 years overcome the local weather disaster that capitalism helped create?” he rhetorically requested. 

“The capitalism that we all know these days has a driving power and logic, and that’s to extend our earnings in such a method, and that’s how we speak about historical past to control all the things with out political or social boundaries,” he warned. “That’s the one we’ve got. This has resulted in some type of international anarchy.”

Petro went on to say how vitality sources like “coal, oil and fuel” are used to maximise earnings, “and this has resulted in a change in our ambiance.” 

He warned this present financial habits will doom the planet.

“We’ve to place an finish to this if we want to reside in our planet. Can our capitalism do that? Based mostly on the present information, we gained’t have the ability to take action,” Petro stated. “Subsequently, maybe we must always do the next reflection: If capitalism is unable to take action both humanity will die with it, or humanity will overcome capitalism in order that we will reside in our planet.”

Colombian President Gustavo Francisco Petro Urrego speaking at the World Economic Forum

Colombian President Gustavo Francisco Petro Urrego talking on the World Financial Discussion board

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He proposed “de-carbonized capitalism” instead, the place fossil fuels are usually not valued. He additionally instructed that legal guidelines proposed by COP, or “UN Convention of the Events” local weather change summits, must be binding mandates.

“Subsequently, world commerce agreements and the Worldwide Financial Fund agreements are subjected to local weather agreements, not the opposite method round,” he stated.

The World Economic Forum's Davos summit opened to reservations about a potentially looming global recession.

The World Financial Discussion board’s Davos summit opened to reservations a couple of probably looming international recession.
(REUTERS/Arnd Wiegmann)

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He predicted except this plan he proposed is adopted that humanity might be heading in direction of extinction. 

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