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I'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
by aww_dang 5y ago
I'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.