Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Huh? How do you explain the ban on ozone-depleting gasses? How do you explain carbon trading?
Of course climate change can be addressed under capitalism. It just can’t be addresses without regulation.
Capitalism didn’t ban ozone depleting gases. It invented them.
The only reason we successfully banned CFCs, is because the more environmentally friendly replacement was cheaper.
If the motivations for fighting climate change (or any problem, really) don’t align with the profit motive of the affected corporations, nothing will be done.
The Montreal Protocol passed because the CFCs industry failed to lobby Reagan against the to be against Protocol. They assumed Reagan would be on their side.
Big oil saw what happened to that industry and lobbied a crap ton. Now just about everyone in the government is sponsored by them.