4 ms·
It may be a rational policy response, but not a rational market response. Tragedy of the commons, negative externalities, etc.
by drumdance 13y ago
It may be a rational policy response, but not a rational market response. Tragedy of the commons, negative externalities, etc.
- kiba 13y agoNot necessarily, especially if you have emerging clean energy technology coming online.
- NoPiece 13y agoKleiner's investments were in solar panels and lithium ion battery powered cars that were at best small improvements on old technologie that weren't efficient enough. If someone has a fusion reactor coming online, invest in that instead.
- ryguytilidie 13y agoSo is this to imply that we should stop doing things that benefit the planet and the human species if we believe it will have a negative economic impact? Obviously I'm not arguing KP should be the ones doing this, but your point seems to imply that these actions are only rational if the market supports them and you make a profit.
- drumdance 13y agoI said it's a rational policy response. But it's not a rational market response in the current environment. KP is a market actor that was betting on the viability of that market. So far it's not working. There are other ways and means to effect change besides the marketplace. I never said anything about stopping "doing things that benefit the planet."