Imagine years from now future generations look back to our
times and civilisation has gone through extreme disruption due to climate
change; inadequate water, food shortages, a hostile climate and a continuing
rise in species extinction. Who will
they blame?
Will we blame the invisible
hand of the free market? Clearly not. The idea of the free market is that
it has no aims. It assumes that each of us pursuing our own self interest will
turn out in the end to be the best for us all but we were guided by no-one and
no-one is thus to blame. If we had 500 planets then the ones that happened on
the best path would lead the way.
Many will blame the hidden
hand; the murky hand of those who deliberately chose the path that would
benefit a few in the short term at the expense of the majority but in the end we
all suffered. (A clear example of the fallacy of composition).
However most will blame a lack of governance at national and
regional level and their lack of cooperation or unwillingness to do so. It is
clear as is always the case when we look backwards and things go wrong we will
blame those in position of planning. We will blame those who should have used
foresight and the best of our knowledge to provide adequate control.
They will also blame an electorate who did not want this.
It should not be a case of free market versus planning and
regulation. It should be the best synergetic combination of these political tools
at our disposal.
See also Addressing Climate Action Denial.
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