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There's a big difference between Capitalism in general and completely free-market, unregulated Capitalism in particular. The market is an amazing instrument for
by Brakenshire 11y ago
There's a big difference between Capitalism in general and completely free-market, unregulated Capitalism in particular. The market is an amazing instrument for technology development, if we had priced in the externalities of carbon twenty years ago, as originally planned at Kyoto, Capitalism would already be half way along to solving the problem in the same relentless way that it always pursues profit.
- tim333 11y agoYeah, CFCs got banned and the ozone hole went, you don't hear about acid rain any more, lead in petrol got banned, DDT got banned and so on in spite of Capitalism, so there's hope.
- zouhair 11y agoThat's not comparable. When they got rid of CFCs they just replaced it with something else. Now we need to stop making stuff, stat.
- zouhair 11y agoThis would be great if the big corporations couldn't lobby politicians.