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Capitalism is killing the planet and needs to change, says investor Jeremy Grantham

9:25 AM ET Wed, 13 June 2018

"Capitalism and mainstream economics simply cannot deal with these problems. Mainstream economics largely ignore [them]," Grantham says. "We deforest the land, we degrade our soils, we pollute and overuse our water and we treat air like an open sewer, and we do it all off the balance sheet," he adds.