Jason Hickel
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jasonhickel.bsky.social
Jason Hickel
@jasonhickel.bsky.social
Professor at ICTA-UAB and Visiting Senior Fellow at LSE • Author of THE DIVIDE and LESS IS MORE • Global inequality, political economy and ecological economics
Someone in the replies claims China's clean energy development is only for export. This is false. China is installing more clean energy capacity than the rest of the world combined, while *also* exporting clean energy tech that's helping the rest of the world decarbonize.
November 27, 2025 at 5:15 AM
... through targeted green lending, green bonds in collateral frameworks, and differing interest rates on reserve requirements.”
November 27, 2025 at 5:15 AM
“In comparing climate policies, we first find that the People’s Bank of China is the only central bank that conducts meaningful monetary policy that supports the green transition, such as ...
November 27, 2025 at 5:15 AM
If Europe and the US want to address the climate crisis, they must take a lesson here and empower their central banks to align finance with social and ecological objectives.
November 27, 2025 at 5:15 AM
By contrast, in the West, central banks were made "independent" as part of neoliberal reforms, specifically in order to *prevent* them from aligning investment with anything other than capital accumulation.
November 27, 2025 at 5:15 AM
China's central bank is key to its industrial policy success. The bank is empowered to align investment with national development objectives.
November 27, 2025 at 5:15 AM
Because in China, industrial policy means investment can be directed toward what is most necessary; whereas in the West investment is directed toward what is most profitable to capital.
November 27, 2025 at 5:15 AM
China is making incredible strides in clean energy development and ecological regeneration, while the West is failing to do so. Why?
November 27, 2025 at 5:15 AM
"The good news is that these policies are highly popular and can form the basis of a winning political platform. Democratic socialism is a viable path — indeed, the only path — to a safe and just future."

tribunemag.co.uk/2025/09/can-...
Can Socialism Solve the Climate Crisis?
Governments globally are failing to combat climate change because they prioritise profit over the planet — for real change, the capitalist mode of production must be overhauled.
tribunemag.co.uk
November 10, 2025 at 4:13 PM
There's nothing wrong with this, of course... but it seems to me that it is not at all adequate to the challenges we face.
October 31, 2025 at 6:44 PM
Without this, it seems that leftism becomes little more than an aesthetic project, more focused on critique than on material change, or at most succeeds in creating gradual improvements, or change only in the interstices of the system.
October 31, 2025 at 6:44 PM
How do you propose to remove the capitalist class from power?

Clearly protest alone - or even strikes - will not work to achieve this without a popular political vehicle that can actually replace the capitalist class in government.
October 31, 2025 at 6:44 PM
Or, if you reject capitalism, but don't accept the socialist strategy of building a people's party that can win elections, take power and align investment and production with democratically-ratified goals, what is your strategy for achieving a post-capitalist economy?
October 31, 2025 at 6:44 PM