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What climate change could wreak — sooner than you think

But in the aftermath of the 2008 crash, a growing number of historians studying what they call “fossil capitalism” have begun to suggest that the entire history of swift economic growth, which began somewhat suddenly in the 18th century, is not the result of innovation or trade or the dynamics of global capitalism but simply our discovery of fossil fuels and all their raw power — a onetime injection of new “value” into a system that had previously been characterized by global subsistence living. Before fossil fuels, nobody lived better than their parents or grandparents or ancestors from 500 years before, except in the immediate aftermath of a great plague like the Black Death, which allowed the lucky survivors to gobble up the resources liberated by mass graves. After we’ve burned all the fossil fuels, these scholars suggest, perhaps we will return to a “steady state” global economy. Of course, that onetime injection has a devastating long-term cost: climate change. Link