Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 01 May 2019 10:08 am  |  Updated:  Sunday 02 June 2019 10:56 pm

Extinction Rebellion hates capitalism, but these climate change protesters wouldn’t exist without it

The Extinction Rebellion protesters on the streets of London seemed to consist of two disparate interest groups: pensioners and the young. Their shared connection is that most of them – certainly in the former group – seemed to be affluent.

An identical alliance was observed a few months ago in the rather unlikely setting of the borough of Richmond upon Thames.

The Liberal Democrat council wanted to introduce a 20 mile an hour speed limit on every single road in the borough, except for two major trunk roads. But they chose to hold a referendum on the matter before making a decision.

Read more: Climate protesters blockade Treasury in action against finance sector

Just as with Brexit, this plan rather backfired on them. The proposal was defeated. In an uncanny replay of the EU vote itself, the margin was narrow at 49 to 51 per cent.

Echoing the national Lib Dem attitude to the Brexit vote, the local councillors announced that they would ignore the result of a vote that they themselves had instigated.

Shamelessly, given the way that they have vilified older voters over Brexit, the Lib Dems cited as a reason for bringing in the speed limits that 60 per cent of elderly respondents were in favour. Their second reason was that a similar percentage of young people also voted for their proposition.

At one level, this is just an amusing anecdote revealing the true nature of the supposedly cuddly Lib Dems. Even by the standard of modern politicians, they are wholly duplicitous. Nick Clegg set the tone in the 2010 General Election, when he promised not to put up tuition fees, and then promptly voted to treble them when he became deputy prime minister.

Yet the episode in Richmond upon Thames does suggest that this strange political alliance between affluent pensioners and young people is both widespread and deep seated. A sizeable proportion of this new grouping appears to believe that all their problems are caused by capitalism. But if it were not for capitalism, very few of them would exist in a way which allowed them to carry out political protests.

Read more: Michael Gove meeting 'disappointing', says climate protest group

In the case of the pensioners, this is quite literally true. Without the prosperity generated by capitalism, most of them would now be dead. After all, life expectancy for men is now 79 years and for women 83, and over the past 100 years, it has increased by nearly three years a decade. So in 1919, life expectancy was in the low to mid-50s. If life expectancy had not increased, then the ranks of Extinction Rebellion would have been noticeably thinner.

The Nobel prize-winning economic historian Robert Fogel argues that much of the improvement to life expectancy was due to the increases in calorific intake and better nutrition which economic growth made possible.

As for the young, it was only in 1918 that the school leaving age was raised from 12 to 14. Apart from a really tiny minority of the very privileged, they would all have been at work rather than at “uni”.

Capitalism generates economic growth by encouraging innovation. And it will be innovation that will solve the climate problem, rather than wearing a hair shirt.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News
  • Opinion

Categories

  • Business
  • Opinion
  • Politics

Related Topics

  • Brexit
  • London business
  • Michael Gove
  • People

Trending Articles

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Clarkson’s Farm and why businesses must stop blaming the weather

  • As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs

  • Barclays and Lloyds join banking sector plan for digital ID

More from City PM

  • The Debate: Should we build a data centre on Brick Lane?

    Opinion
    Protesters rally at Brick Lane holding signs to oppose a data centre development plan, highlighting community concerns.
  • The climate quango empire will keep growing until cheap matters more than ideology

    Opinion
    Net zero secretary Ed Miliband is set to face more pressure over high energy bills in the UK.
  • Tony Blair has issued a call to arms – but will Labour listen?

    Opinion
    Tony Blair speaking at a press conference, addressing current political issues and highlighting future strategies.
  • The companies leading on climate aren’t waiting for 2050

    Partner
    Large-scale reforestation project in India by Climate Impact Partners, showcasing vast tree plantation efforts.
  • Carbon markets must industrialise or the net zero transition stalls

    Partner
    Close-up of a sapling at Aranya Reforestation site in India, showcasing efforts in sustainable forestry and ecological res...
  • Rod Bransgrove: Hampshire saviour hailed by new owners GMR as he steps down

    Sport Business
    High-level business meeting with executives discussing strategic plans for 2026 in a modern conference room
  • The world needs an answer on climate finance – it’s London

    Opinion
    Corporate philanthropy concept with diverse professionals collaborating on sustainable, long-term global health solutions
  • Northern Trust Asset Management Launches Sustainable Multifactor Funds

    Business Wire

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy