This article critically assesses the different ways of theoretically connecting feminism, capitalism, and ecology. I take the existing tradition of socialist ecofeminism as my starting point and outline two different ways that the connections among capitalism, the subordination of women, and the destruction of the environment have been made in this literature: materialist ecofeminism and Marxist ecofeminism. I will demonstrate the political and theoretical advantages of these positions in comparison to some of the earlier forms of theorizing the relationship between women and nature, but I will also submit them to philosophical critique. I will show how the Marxist ecofeminist position needs to be both updated and revised in order to account for the different, sometimes contradictory mechanisms for the capitalization of nature that have become prominent today. I will underscore two developments in particular: the dominance of neoliberalism and the development of biotechnology. I will conclude by summing up the theoretical grounds on which a contemporary political alliance between feminist and ecological struggles against capitalism can be built.