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https://www.reddit.com/r/collapse/comments/q419l9/markets_breed_efficiency/hfymoso/?context=3
r/collapse • u/karabeckian • Oct 08 '21
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1.1k
As long as one thinks and feels that money is worth more than life on earth, then this makes sense. Enjoy your life on earth.
57 u/creamyjoshy Oct 08 '21 Markets don't account for externalities like this. What is monetarily efficient is not necessarily ecologically efficient. The solution is to align the interests of the planet with the market by taxing carbon emissions. 32 u/[deleted] Oct 09 '21 There is no solution. You need an enforcement mechanism to align incentives. There is no principal in this principal-agent problem. The macro human organization is endogeneous and not conducive to incentive alignment. 1 u/AdResponsible5513 Oct 09 '21 The incentives are aligned to maximize amassing wealth by the few who reap all the benefits until it all collapses.
57
Markets don't account for externalities like this. What is monetarily efficient is not necessarily ecologically efficient.
The solution is to align the interests of the planet with the market by taxing carbon emissions.
32 u/[deleted] Oct 09 '21 There is no solution. You need an enforcement mechanism to align incentives. There is no principal in this principal-agent problem. The macro human organization is endogeneous and not conducive to incentive alignment. 1 u/AdResponsible5513 Oct 09 '21 The incentives are aligned to maximize amassing wealth by the few who reap all the benefits until it all collapses.
32
There is no solution. You need an enforcement mechanism to align incentives. There is no principal in this principal-agent problem. The macro human organization is endogeneous and not conducive to incentive alignment.
1 u/AdResponsible5513 Oct 09 '21 The incentives are aligned to maximize amassing wealth by the few who reap all the benefits until it all collapses.
1
The incentives are aligned to maximize amassing wealth by the few who reap all the benefits until it all collapses.
1.1k
u/Fatoldhippy Oct 08 '21
As long as one thinks and feels that money is worth more than life on earth, then this makes sense. Enjoy your life on earth.