Skip to content
Sunday 9 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
+0.69%
CAC 40
8,714.93
+0.17%
STOXX 50
6,523.86
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
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

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move

  • Family feud: London estate agent Winkworth sues chair over plot with wife to oust son from board

  • As it happened: Stocks rise despite new tensions in Strait of Hormuz; Oil price climbs

  • A tribute to wine legend Matthew Jukes by his friend Libby Brodie

More from Morning Wire

  • Get ready for new energy minister Miatta Fahnbulleh’s war on London’s drivers

    Opinion
    Miatta Fahnbulleh, director of New Economics Foundation, smiling and holding red documents, wearing a black blazer.
  • From Mongolian camels to Tibetan verbs: the absurdity Ed Miliband’s aid spending plans

    Opinion
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • Councils accused of turning e-bike operators into ‘revenue stream’ as fees surge

    Transport & Infrastructure
    Lime faces growing scrutiny over its safety record.
  • China’s mega London embassy to go ahead after High Court blocks challenge

    Politics
    Protesters hold signs saying STOP Chinese Secret Policing in the UK and Safeguard National Security
  • Sumo’s London return shows the capital really is a global sport leader

    Sport Business
    Breaking news event with reporters gathering for a press conference in a bustling city setting, microphones and cameras vi...
  • Meet the new energy minister who believes lower growth is “good news”

    Opinion
    Katie White, a woman with curly blonde hair, smiling in a navy blazer and white collared shirt against a dark background.
  • Keir Starmer wasn’t weird enough for Westminster

    Opinion
    Keir Starmer holding a football with a World Cup logo, smiling and engaging in a sports event discussion.
  • Sadiq Khan’s London plan is not nearly ambitious enough

    Opinion
    The Mayor of London, Sir Sadiq Khan, has this morning announced a £1.4m cash injection for community sport across the capital.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook