Tax the rich to shift from fossil fuels
In The Housing Question Engels mocks the French millionaires of his day for pouring their money into Germany, thus financing a hostile military power. The actions of the French capitalists were rational as an investment decision. But their unrestrained profit-seeking undermined France’s imperialist interests. A similar dynamic has played out between Europe and the Putin war machine. Europe gets 40% of its gas, 27% of its oil and 46% of its coal from Russia. Over many decades, trillions of dollars of European money has flowed into Russia’s state-owned fossil giants. The European capitalist...