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> That’s why my point on our economy being levered. It’s not in anyone’s rational interest to halt growth. Every % of global gdp growth is millions of people ou
by humanetech 8y ago
> That’s why my point on our economy being levered. It’s not in anyone’s rational interest to halt growth. Every % of global gdp growth is millions of people out of poverty.
That is a short-term view. Look how growth will stall and turn into decline if we continue on our present path.
> Which is why the question. Are people really incentivized to bell the cat - to actually price in externalities ?
Probably not by themselves, because most people put their own self-interest first, and our economic systems stimulate them that this is the best way.
It needs the concerted effort of many to apply sufficient pressure to take the long-term view and affect real change.
And I guess this is particularly hard, as our current (broken?) systems also promote wealth inequality, and the rich and powerful - those who can help the most - are less inclined to do so, because they'll be among the last to really suffer the consequences of inaction.