We’re almost close to starting the sixth great extinction event. 

Capitalism has its own positive and negative effects on existence. However, capitalism has helped in lifting nearly a billion people out of extreme poverty, during the duration from 1990 to 2010 with no argument. But the past socioeconomic systems have made revolutionary changes in this concept with feudalism.

Now, it’s time to replace capitalism with a quite more sophisticated system. Obsoletion of middle class jobs within the upcoming 25 years is one of the main reasons for this as we’re almost on the verge of a technological shift. At present, the working class as well as the middle class families are the most suffering crowd in developed countries. The cost of living has risen while the wages of them have remained stagnant throughout the past decades.

According to the estimations, 15% of the US population is below the poverty line nowadays. Percentage of children below the poverty line under age 18 is 20%. This clearly proves that the whole productivity throughout the past years has gone to the top income earners inside the country. The economic prospects of the majority have worsened. So, there comes the environmental impact on humans. It makes decisions to kick off these creatures through the sixth great extinction event in near future.

Scientific studies carried out by the expert biologists from Leeds University show an extinction of 10% of all plants and animals from the Earth by 2050. The main reason for this extinction is explained as the unwanted interference of humans that leads to anthropogenic climate disruption (ACD). We’ll have to bid farewell to elephants, rhinos, leatherback turtles and even the largest predators in the world. There’s an obvious reason for the “Doomsday Clock,” to creep half a minute last January.

Elephants and other large land animals aren’t expected to be with us much longer.

Major reasons that help in developing the rate of extinction on Earth are overfishing, widespread consumption of fossil fuels, deforestation, commercial agriculture and infrastructure projects. All these together have made the rate of extinction 1,000 times faster than the rest of the events. A great loss of commercial fishing is expected to be experienced by 2050 due to overfishing because of the inability of marine environments to replenish themselves. The effects of this on humans or the ecosystems are yet unknown. Anyhow, it will help in getting to know that about three billion people in the world today depend on fish as a meal.

As per what was said by Justin Farrel, a Yale sociologist, corporations have used a large percent of their wealth for over two decades to sew uncertainty about climatic changes in the public. The authors of the books such as Capitalism and Corporations and Climate Change say that companies will only make the use of these situations to gain benefits. This linear growth of the model is expected to hollow the Earth with nothing left behind. But, this is not only a result of environmental destruction, but also a result of overpopulation.

An explosion of city dwellers is expected to be in the mid century. As a result, overcrowding, spreading of infections, water pollution and loss of sanitation take place. Increase in consumption of fossil fuels and acceleration of global warming can be witnessed. We’ll also be able to see and hear more deaths due to inhalation of polluted air.

Sea levels are expected to rise by 25% faster than predicted during the 1990’s. Since most of the people in countries live by the coast of rivers, more risks of flooding is expected. According to The National Oceanic and Atmospheric Administration (NOAA) US coastal cities will experience daily flooding by 2050. Some areas of the Earth are expected to go wetter while the other areas are expected to go dryer. The areas that use snow melt water will get less of it. Thus, American Southwest is expected to become the most populous state.

US coastal cities could see near daily flooding by 2050, the NOAA warns.

Even at present, 1.1 billion from the entire population lack proper access to water. There will be an increase of 1 billion by 2050. The researchers at MIT show that another 9.7 billion will live in water stressed areas. Lack of water access will result in a shortage of food supply. Thus, food production will drop by two percent by 2050.

Pro. Frank Fenner of Australian National University has already predicted humans to get extinct within a century due to “unbridled consumption” and overpopulation. He is a professor of microbiology and he is quite famous for helping the world to escape smallpox. According to him, decline of the human race is irreversible.

He forwarded the disappearance of the inhabitants of Easter Island as one example. This particular civilization became unsustainable due to the sudden growth of population and the loss of natural resources. “There will be a lot more wars over food,” Fenner said. Water resources will also become another flashpoint for wars. The conflict of China and India over disputed water rights is an example.

Jared Diamond, an evolutionary biologist, had explained the similarities and differences between the global situation and Easter Island.  “Chillingly obvious.” According to professor Stephen Boyden, the obstacles for everything will be the political capabilities.

Easter Island’s advanced society dried up by the time Europeans arrived, due to over population and a lack of resources.

By now, 70% of the public stock exchange is owned by the financial institutions and the fund managers that have no hold of the areas that the companies operate. The top executives along with a CEO controls the equity in such companies. However, the potential of the exploitation of the environment by these enterprises will be limited if the stakeholders get their equity into hands in those specific areas.

It’s our role to vote on an individual basis using the dollars. The public should pay more attention to peaceful protests and demonstrations regarding ecological exploitations. The way of living should be changed. Recycling, making compost and less consumption of meat are also required. Another main problem that needs to be addressed is the issue of food waste. Nearly 800 million of the entire population in the world suffer food insecurity at present. On the other hand, one fifth of the world’s food is lost as waste or due to overeating. Therefore, dramatic changes should be made, if not we will be so near to lose everything.

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Source of the information: Big Think.