Why billionaire Tom Steyer argues capitalism is the best tool to fight climate change | Calling for more regulation to stop global heating, Steyer says we must stop letting people "pollute for free"
Why billionaire Tom Steyer argues capitalism is the best tool to fight climate change | Calling for more regulation to stop global heating, Steyer says we must stop letting people "pollute for free"
Calling for more regulation to stop global heating, Steyer says we must stop letting people "pollute for free"
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Well obviously capitalism would be a great tool for fighting climate change, if not for the fact that 99% of the control over this tool lie in the hands of the people who have absolutely no interest in fighting climate change
It might work together if the real cost would be reflected in every product. Like, if cost of pollution, emission, all consequences of everything at every step in every country would be priced in and equalized. But that's so unlikely to happen that we might as well set the whole thing on fire.
And we are!
What makes you think setting the whole thing on fire is more likely/feasible than pricing in environmental externalities?