3 ms·
> 6. The end result is a sort of "Red Queen" effect where everyone is forced to compete harder and harder just to maintain his/her existing standard of living.
by jopsen 7y ago
> 6. The end result is a sort of "Red Queen" effect where everyone is forced to compete harder and harder just to maintain his/her existing standard of living.
Nice pocket philosophy, if only the world was a zero sum game, but it's NOT.
The past 300 years of growth in human prosperity should make that abundantly clear.
Past 30 years the world has reduced extreme poverty by half. Not because we in the developed world got poorer.
The only fix we need is to gradually increase taxes on resources until they match the environmental impact. Sure we nee to also regulate the market, etc. To avoid draconian schemes.
But a well regulated market with solid incentives can fix many problems.
- tonyedgecombe 7y agoThat will probably mean some industries would disappear, if they can't innovate their way out of their externalities.
- jopsen 7y agoThe same way other inefficient industries disappear when they are outcompeted. We see bank tellers replaced with ATMs because ATMs are cheaper. Humans are adaptable, if done gradually over time it'll probably be fine.