Thursday, December 3, 2020

The hard truth about climate change: the devil’s in the details — Michael Ferrari and Parag Khanna

 The carbon issue (and all other such issues) is remarkably simple to solve by using true cost in accounting and making policy decisions instead of socializing externality. That way positive externality is justly compensated and negative externality is rightfully penalized.

Of course, it must also be admitted that acknowledging true cost would require restructuring the entire system, which would be revolutionary, both figuratively and literally.

But conceptually and mathematically, it is rather simple even with some fuzziness being admitted in figuring true cost.

Fast Company
The hard truth about climate change: the devil’s in the details
Michael Ferrari. managing partner at Atlas Research Innovations and a senior fellow at the Wharton School, and Parag Khanna, founder and managing partner of FutureMap

1 comment:

Andrew Anderson said...

How does this proposal fix the fact that the liabilities of banks (for fiat) are largely a sham wrt the non-bank private sector, since, for example, the nbps may not even use fiat, except for grubby coins and paper cb notes?

The Devil is in our corrupt money system, without which we would not have the mad need to grow to pay the interest on debt the population is driven into.