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"Free market" economics are broken for nonrenewable resources, since they misprice them - don't take future scarcity into account at all, and encourage an all-y
by kzrdude 5y ago
"Free market" economics are broken for nonrenewable resources, since they misprice them - don't take future scarcity into account at all, and encourage an all-you-can-extract economy.
- ZeroGravitas 5y agoThey're relatively easy to fix though. But fossil fuels oligarchies destroy society and civilization just as much as they destroy the environment. Faith in government, science, rule of law, democracy and economics have been polluted as thoroughly as the air.