The one place where free markets fail is called "the tragedy of the commons". Climate change is a gigantic tragedy of the commons where the atmosphere is the commons. Whenever a tragedy of the commons is identified, a tax must be levied to avoid the tragedy. This economic and environmental policy has been well known for centuries. It has been well known for more than fifty years that a tax on fossil fuels is good economic snd environmental policy. I hope it is not too late.
3 comments:
Thank you, Sam!
just reading the title to this..."message to SURVIVORS' is great comfort to me.
i just hope you still feel there will be...survivors.
The one place where free markets fail is called "the tragedy of the commons". Climate change is a gigantic tragedy of the commons where the atmosphere is the commons. Whenever a tragedy of the commons is identified, a tax must be levied to avoid the tragedy. This economic and environmental policy has been well known for centuries. It has been well known for more than fifty years that a tax on fossil fuels is good economic snd environmental policy. I hope it is not too late.
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