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Markets are fundamentally unable to take into account externalities, but yes, let's "focus on markets and let them take care of the problem". Conveniently ignor
by well_ackshually 1mo ago
Markets are fundamentally unable to take into account externalities, but yes, let's "focus on markets and let them take care of the problem". Conveniently ignore the fact that the only reason solar is the cheapest power is because a country put in their political will and power into making it so.
Your sacred market has been killing us all and will continue to keep killing us all if it makes a few pennies.
- runarberg 1mo agoWe have seen 20 years of complete inaction precisely because of this “let the market handle it” nonsense. In 2012 Europe was all in on some cap-and-trade scheme that everybody knew was never going to work, everybody told them it was never gonna work, and it turns out it didn’t work. The markets are still not responding to this catastrophe even today, as we should be at absolute zero and we are not even at net zero. The markets have failed everybody, and politicians who believed in the markets were wrong, and should be in jail now for criminal negligence.