4 ms·
Well, that and the petrodollar's standardization of price in US Dollars following Breton Woods in the 1970's
by cartoonworld 5y ago
Well, that and the petrodollar's standardization of price in US Dollars following Breton Woods in the 1970's
- aww_dang 5y agoI'm not sure I see a practical way out of the current system that returns us to a more free market system. Instead we see carbon credits promoted, perhaps as a part of a SDR like system. Where the petrodollar required somewhat incoherent rationales for war, a supranational carbon credit regime would offer somewhat more self-coherent rationales. It isn't difficult to imagine how it might play out. "Nation X's refusal to honestly participate in the carbon credit system is a crime against the Earth. Sanctions have been insufficient. The global coalition must act militarily to protect the Earth from..." Regardless, I'm not sure there is a practical way to get the US back on track to where markets are more free and investment in domestic industry isn't distorted. A 25% tax credit or outright government funded or perhaps an initially nationalized industry? The difference is only in degree.