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The Story Is Falling Apart: Capitalism, Collapse, and What Comes Next

  • Writer: Adedunni Dayo-Kayode
    Adedunni Dayo-Kayode
  • 15 hours ago
  • 5 min read

There is a story capitalism tells about itself, and it goes something like this: work hard, stay disciplined, and the system will reward you. The planet is a resource. Progress is inevitable. Growth is good. For a long time, that story held. People believed it - or at least accepted it. But right now, in the middle of an accelerating ecological crisis, the story is visibly, undeniably falling apart. What replaces it matters enormously. And if this semester in the Ecology-Philosophy Learning Community has taught me anything, it is that the replacement on offer from the powerful is not justice - it is something far more dangerous.


Photo by Matt Palmer on Unsplash
Photo by Matt Palmer on Unsplash

 

The Myth That Built the Machine


Start with the myth. Erich Fromm, writing in Escape from Freedom, argues that human beings are not naturally driven by greed or competition - those are products of a particular social arrangement, one that channels our anxiety about freedom and separateness into acquisitiveness. Capitalism did not discover human nature; it manufactured a version of it. The "bootstraps" narrative - the idea that any individual, through sheer will and effort, can rise to prosperity - is exactly this kind of manufactured story. It is ideologically useful because it locates the cause of poverty and precarity in the individual rather than in the structure.

 

This matters for ecology because the same logic that blames the poor person for their poverty blames the "irresponsible consumer" for climate change. It externalizes structural costs onto individuals. Meanwhile, as Aldo Leopold observed in "The Land Ethic," a society that measures land - and nature more broadly - purely in economic terms will treat it as expendable the moment it stops producing profit. Leopold's standard was different: "A thing is right when it tends to preserve the integrity, stability, and beauty of the biotic community. It is wrong when it tends otherwise" (Leopold, 1949). By that measure, capitalism has been wrong for a very long time. The invisible hand of the market, we were told, would sort it all out. Instead, it sorted species into extinction and sorted carbon into the atmosphere.


Who Bears the Cost

 

The myth of hard work and individual responsibility does not just obscure class inequality - it obscures whose labor and whose land made the growth possible in the first place. In "The Fight for Reparations Cannot Ignore Climate Change" (2022), Olufemi Taiwo describes what he calls the Global Racial Empire: a political and economic world order built through colonial expansion, the transatlantic slave trade, and the rapid accumulation of finance capital in colonial nations, which concentrated wealth disproportionately in the Global North and concentrated vulnerability disproportionately in the Global South. Crucially, Taiwo understands this not merely as a historical injustice but as an active, ongoing distribution system - one that continues to determine who accumulates advantages and who accumulates exposure to harm.


Salah Darwish on Unsplash
Salah Darwish on Unsplash

 

Climate change is the clearest current expression of that system. The emissions of the average person in the Global North far outpace those of their counterpart in the Global South, and yet the latter is far more likely to shoulder the consequences. Patrick Hassan names this climate colonialism - the continuation of colonial power relations through the mechanism of climate change itself. Carbon credits, green development loans, and technology transfer deals that favor wealthy nations are not solutions; they are the same extractive logic in a new vocabulary. Robyn Eckersley's ecocentric framework insists that ecological justice cannot be separated from social and political justice. You cannot protect the Amazon by compensating its destruction in a spreadsheet somewhere in Brussels.

 

When the Myth Stops Working: Enter End Times Fascism


Here is where the argument gets most urgent. For most of capitalism's history, the legitimizing myths - hard work pays off, growth lifts all boats, technology will solve everything - were useful to the ruling class because they manufactured consent. People accepted an unequal system because they believed, or were made to believe, it was fair and that they had a stake in it. Fromm's analysis of authoritarianism is instructive: people submit to powerful structures not simply out of coercion but out of a psychological need for security when freedom becomes unbearable.

 

But what happens when the myth visibly collapses? When houses are flooded, when food gets expensive, when the promise of upward mobility becomes absurd on its face? The ideological response is not to abandon the system - it is to abandon the mythology while keeping the power. This is what might be called End Times Fascism. Taiwo anticipates exactly this dynamic. He writes that climate crisis is "likely to lead to new social divisions between those advantaged enough to buy or coerce security from climate impacts and those who cannot... At a community, local, and national scale, we can expect police to protect the rich and socially well-positioned, often leaving vulnerable those on the business end of nightsticks or behind cell walls" (Taiwo, 2022: 48). The elites who benefit from capital are not naive about ecological collapse. They are building bunkers, buying land in New Zealand, funding private security forces. They are not organizing against the system that produced the crisis. They are positioning themselves to survive it - at everyone else's expense.

 

And the mythology shifts to match. Where once we had the "invisible hand" - a moralistic, quasi-scientific legitimizing story - we now increasingly see "manifesting," the "grindset," and various forms of magical thinking that tell people their outcomes are spiritual rather than structural. The invisible hand was at least embarrassed by poverty. Manifestation culture simply tells the poor they did not believe hard enough. Meanwhile, the political atmosphere surrounding ecological crisis is being used to push openly exclusionary and nationalist agendas: keep the climate refugees out, secure the borders, protect our resources. This is ecofascism not as a fringe position but as a creeping mainstream response to a crisis that capitalism created.


Shayna Douglas on Unsplash
Shayna Douglas on Unsplash

 

What a Different Story Might Look Like


I am not optimistic in a naive sense, but the counter-tradition we have read this semester points somewhere real. Leanne Simpson and Kyle Whyte offer something that neither liberal environmentalism nor socialist developmentalism tends to provide: a conception of the relationship between humans and land that is not extractive at its core. Indigenous frameworks grounded in reciprocity and responsibility do not romanticize nature - they describe an actual set of obligations that communities have maintained across generations. They survived capitalism's onslaught not by accommodating it but by resisting its fundamental premise that land is property.

 

The degrowth ecosocialist tradition, meanwhile, insists that the choice is not between capitalism and barbarism but between a fundamentally different economic organization and barbarism. Degrowth is not austerity - it is a deliberate, democratic reduction of throughput in the Global North combined with genuine development space for the Global South. It takes seriously what Leopold's land ethic implies: that the community of moral concern has to expand beyond human property and human convenience to encompass the biotic community itself.

 

None of this is easy or guaranteed. But the story capitalism tells is not just wrong - it is actively preventing us from responding to the crisis it created. The bootstraps myth told us the system was fair. The magical thinking tells us the system is inevitable. End Times Fascism tells us survival belongs only to those powerful enough to claim it. All three are stories designed to protect power at the expense of everything else - including the living world.

 

We need a different story. Not a comfortable one. An honest one.

 

 

References

Fromm, E. (1941). Escape from Freedom. Farrar & Rinehart.

Hassan, P. (2021). Inherit the Wasteland.

Hassan, P. (2024). [I=PAT and climate colonialism paper.]

Leopold, A. (1949). The Land Ethic. In A Sand County Almanac. Oxford University Press.

Taiwo, O. O. (2022). The Fight for Reparations Cannot Ignore Climate Change.

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©2025 by Paul Zorn Gulezian

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