ذريعة رأس المال: كيف دمرنا الأرض لنسرق المستقبل على وعد بغدٍ أفضل

Stealing the future and hiding the theft - the method of capitalism, as addressed by the author of the famous book “Carbon Democracy”._ Today, great wealth seems to flow out of nowhere. Indeed, the trick of conjuring up this unearned wealth lies the key to understanding the origins of capitalism, and a clue to the cause of the looming climate catastrophe: value is created by consuming the future. The Pretext of Capital explains how this came about through the West's imperial expansion, burdening present generations with the returns of past exploitations. Timothy Mitchell identifies the forms of capitalization, credit, and coercion that turn future assets into current income. Rejecting the common notion that claims to the future only produce financial or imaginary capital, Mitchell traces the Earth-altering projects – destroying rivers, colonizing land, expanding infrastructure, burning carbon – through which the future has been squandered. Terms like finance, technology, economics, and growth are used as an excuse to hide this devastating form of exploitation.