EXSLOPER wrote:The market with all it's flaws is about all we have available to drive changes in global behaviour.
Which is pretty freaking sad, considering that we are the most intelligent species on the planet. One would hope that at least some people in influential positions would seek to drive change based on what's best for all of us, rather than simply laying down and accepting the 'wisdom' of what is essentially a mindless global Walmart. The Market has no conscience, no ethics and it's not even intelligent. In effect, those of us who trust in the Market are trusting in an alien force whose only beneficial characteristic is that, although it would happily kill us all if it saw a penny's profit in it, it is too blind and stupid to even know what's profitable. If the market had any intelligence at all, it wouldn't make it profitable for us to extract the fossil fuels that are killing us.
Yet some folks gladly - even proudly - follow the Moron Market. Suicide by capitalism - what a wonderfully stupid (yet well-deserved) way for our 'advanced' society to go out: gleefully following a blind moron off a cliff.
But the Market can be directed, so that people get an incentive to do what's best for them down the road. That's how some European nations are ahead of the curve on PO. Left to itself, the market tends to make disasters like PO worse than they need to be. Personally, I don't really care if millions of people die when the market decides (in its mindless way) that they're superfluous. I just think it's wasteful when a little forethought could conserve all that potential and allow us a soft landing rather than a mass culling of the herd.
But if that's what it takes to finally convince everyone that slavishly following the Market is dumb, so be it. Capitalism has had more than a fair chance. Time to move beyond. Hopefully next time (assuming we're all still around after the Market leads us into a really big disaster) we'll figure out an economic system that doesn't throw many of us off a cliff every time there's a perfectly foreseeable and preventable disaster.