5/ Attributing the root cause of climate change to "market-based solutions" lacks nuance. The market is merely a collection of free agents that adapt to the most efficient way of operating in a given environment.
Unfortunately, that environment is currently the centralised fiat system with skewed incentive structures, which is why the current iteration of our market — which is not genuinely free — has adapted to operate most efficiently within that framework.
The “capitalism” or "market-based solutions" we know today resemble communism for the rich and capitalism for the poor. In other words, the word capitalism has been hijacked by those who seek fewer regulations and lower taxes to continue benefiting from the system's inherent flaws. In a genuinely free market, many of these individuals would have to reinvent themselves as their line of work adds zero value to the economy.
Under the fiat environment, increasing regulation and taxes is absolutely necessary, but it's at best only a short-term solution.
penglunds
npub1fj…v52r7
2024-08-15 21:25:49
in reply to nevent1q…qfg2
Author Public Key
npub1fjgr2kqrrp3s2cv5ytkfzd3redfr95fntge5jhhlph4z22uc09vsrv52r7Published at
2024-08-15 21:25:49Event JSON
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"content": "5/ Attributing the root cause of climate change to \"market-based solutions\" lacks nuance. The market is merely a collection of free agents that adapt to the most efficient way of operating in a given environment.\n\nUnfortunately, that environment is currently the centralised fiat system with skewed incentive structures, which is why the current iteration of our market — which is not genuinely free — has adapted to operate most efficiently within that framework.\n\nThe “capitalism” or \"market-based solutions\" we know today resemble communism for the rich and capitalism for the poor. In other words, the word capitalism has been hijacked by those who seek fewer regulations and lower taxes to continue benefiting from the system's inherent flaws. In a genuinely free market, many of these individuals would have to reinvent themselves as their line of work adds zero value to the economy.\n\nUnder the fiat environment, increasing regulation and taxes is absolutely necessary, but it's at best only a short-term solution.",
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