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> costs will shift around This is the fundamental failure of capitalism: there is no market for global climate change, because humans have trouble en masse thi
by ttfkam 3y ago
> costs will shift around
This is the fundamental failure of capitalism: there is no market for global climate change, because humans have trouble en masse thinking in terms longer than a human lifetime. We're living on credit when the bill due will be paid by our children or grandchildren. It's not immediate and we mistake that for not being urgent. "Costs will shift around" falls down when large areas of the planet reach 150+ degrees and aquatic populations collapse. Then you're not simply paying in dollars. You're paying in refugees, water rights, food rationing, war, disease, etc.
"Disease? What?" Yep, just think of all of those cities at higher altitudes. Most were established at altitudes where biting insects that carry diseases don't propagate. Heat up the planet, and all of those disease vectors move up with the expanded heat envelope.
Compound interest is a real monster, and far too many of us refuse to look beyond the current balance sheet, expecting to pay just what they see today, not what the bill will look like a year from now.