4 ms·
Because everything about these arguments lacks a grounded foundation in how the world works. Everyone wants to jump in with zero understanding of economics, beh
by Geisterde 3y ago
Because everything about these arguments lacks a grounded foundation in how the world works. Everyone wants to jump in with zero understanding of economics, behavior, energy, industry, incentives etc.
China is the worlds factory, so fun couple facts here:
-As the worlds reserve currency with no commodity backing, we sabatoge domestic manufacturing to give other countries like China something to sell us, if we didn't then the world wouldn't have the dollar and we would lose our hegemony as they look for a different trading currency. The world was in balance under the gold standard, because the supply of gold was not limited to any single country.
-American industry, like in any wealthy country, would self regulate emmisions (all pollutants actually, not just carbon), provide a better standard of living, and make better use of byproducts (see how advanced hydrocarbon refining actually is, where every possible output is extracted rather than wasting them by burning crude). No one wants to live in a toxic waste dump and historically industries clean themselves up even without government regulation.