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I don’t imagine the market is perfect, quite the opposite. Unless external entities like the government introduce a way for the market to take all available inf
by Swenrekcah 4y ago
I don’t imagine the market is perfect, quite the opposite.
Unless external entities like the government introduce a way for the market to take all available information (or as much as possible) into account, the decisions the market makes will be deeply flawed.
I do realise the enormous positive effects the ICE has had on growth, labour intensity and general wellbeing.
But it also has bad effects and we can move past the ICE now, and in fact we could and should have a lot sooner.
Most of the emissions come from electricity generation though, so no romanticising of the ICE will save us there.
The world panicked about nuclear power 30 years ago because of a Soviet screwup but that was a mistake. Nuclear and renewables should have been our focus all the time since.
And yes I absolutely realise there are negative externalities in cobolt extractions and whatever. That’s why we need the carbon taxes and similar regulations :)