Need to urgently reevaluate capitalism

This is not a struggle for meaning in a neoliberal vandalized world. This also is not about alienation in a world devoid of ideological contestation or philosophical mooring. We have well passed quaint world of aesthetic nuances and liberal posturing. This is an urgent clarion call in fast changing debilitating reality of climate crisis. The life nurturing world as we know is collapsing around us. Ecosystems are losing resilience at an alarming rate. Biodiversity is vanishing. Biomass has had cataclysmic reduction. Every other day weather records are being broken across the world. We are in dire need for policy makers to attune to reality. The most significant issue that needs attention is understanding of ‘development’ and parameters that define it. We cannot have a model of progress that is eating away life (importantly words like development, progress, growth so on must mean what the definition intends). Humanity cannot be at the mercy of few corporate feudals and blackmailed for the survival of the economic system over its own survival. Influential economists must address this issue urgently and reevaluate framework of economic development and implement it at international institutions and agencies. There is a need for an international summit to reevaluate and redefine capitalism. Indeed in the context of things this seems more urgent than climate summits since it is compromised by these very concerns. This cannot go on. The elephant in the room is getting larger and is having debilitating impact on the world and is severely stretching poorer societies and vulnerable people. It is becoming a lost cause. Much of the world is incapable to respond although they may have better understanding. It is a systemic issue that has international control. It is pertinent to point here that capitalism and socialism are not mutually exclusive as is being made out to be by polarizing powerful narrations of market-controlled media particularly in low attention nurtured shallow and insular mainstream. There are solutions and sustainable interventions available. These need to be mainstreamed and synergized into policy making and institution. Too much is invested on the system, and we can still work it if it is urgently reevaluated and refined. Or else the climate catastrophe will break it down with severe consequences. We are at an unprecedented crossroad. Human beings with their flawed understanding have created systems that is leading to collapse of everything that is valued. Ticking clock is getting louder. This blip on geological time scale is facing its reckoning that universe is least bothered about. Unlike insignificant humans universe has that luxury.