Prof. Lo Kwai Cheung
Department of Humanities and Creative Writing
The well-being of our environment has been on the decline and there arise a growing number of ecological crises in different parts of the globe, for instance, climate change, water pollution, global warming and loss of biodiversity. Many members of society attribute these crises to the unrestrained capitalist development and they blame that capitalists exploit the nature mercilessly and this eventually induces a multitude of ecological disasters. Owing to the emergence of these environmental catastrophes, people start to notice the failing and unpromising aspects of capitalism and they endeavour to seek measures to alter capitalist system which is fraught with flaws and problems. However, Francis Fukuyama claims in his thesis The End of History that capitalism will be the last remaining ideology of the human history and no other ideological systems can overthrow capitalism. Indeed, capitalism is capable of assimilating the opposing forces and crises so that it can continue to develop. In light of this, the intent of this paper is to expose the challenges of capitalism in the face of ecological crises. Despite these potential challenges, the assimilating power of capitalism reinforces its incessant development.
Year of Award
2014 Honourable Mention
Tse, Ching Lok. "Capitalism, Ecological Crisis and the End of History." (2014).