Comment by Nevermark
10 days ago
> we need intelligent regulation
Absolutely. Poorly thought out, too strict, performative, or obsolete regulations create opposition for any regulation.
I also think we need to co-opt the “enemy” to be regulated, in their terms. E.g. get all the major fossil fuel CFO’s in a room, and figure out the financials encouraging green energy, and away from polluting and geopolitically complicated energy, that would make cold business sense for them.
Include and involve the military, insurance giants, large food security/supply chain companies like Cargill, reactor companies, big enterprise customers that want rapid energy growth, and all the other major sectors that take climate change and energy expansion seriously and will get value out of a more stable world, with better energy technology in practical terms. The people that CEOs respect.
Once the biggest resisters can profit off not resisting, you will see a genuine change of heart. That can sound very cynical, but it’s just how people are. “First, I shall do no damage to my own turf.” But once they take a new position, their power doesn’t just cease it’s friction, but becomes another rocket for progress.
Whatever tax breaks and other incentives it took, to make green their best move, would be worth it. Bribe? Maybe. Better understood as the cost of faster consensus and coordination. Where the price of waiting for everyone to change due to the hardship that is being locked in, is so much higher.
On the other hand, after consensus, change itself needs to happen smoothly, not suddenly. Incentives and disincentive need to operate slower than we might want to make change practical. The most important thing is that those reinforcers are credible. Companies are forward looking. They will naturally move their investments today where the profits will credibly be tomorrow. They don’t need to feel pain, just know what to do to avoid it, and most importantly, prosper.
> include and involve the military, insurance giants, large food security/supply chain companies like Cargill, reactor companies, big enterprise customers that want rapid energy growth, and all the other major sectors that take climate change and energy expansion seriously and will get value out of a more stable world, with better energy technology in practical terms. The people that CEOs respect
Oh yeah let the corpos and MIC rule the world even more than they already do, great idea :)
We should really reform the "free market" IMO. It is way too free now. They get all the benefits and none of the responsibilities.
Nowadays, "Free Market" mostly means its actors are free of the consequences of their externalities.
I am talking about getting support for regulations or even law that constrain damage.
Maybe you didn’t read what I wrote? Thats not more market “freedom”.
To make big changes, good changes, you do need both widespread grassroots support, and the cooperation and competencies of big players.
The military has labeled climate change a global destabilizer for years. Insurance companies and farmers are dealing with the fallout already.
Despite growing corruption, there are still competent people in these organizations to work with.
Neither surrender by blanket cynicism, or the incompetence of apathy, are going to solve anything.
> Despite growing corruption, there are still competent people in these organizations to work with.
This is the part I strongly doubt. Well, not the competence exactly. But the motives. These people don't make their own decisions, they do what the board and shareholders want. And all they want is money. It's the only thing that counts for them. So the only solution is making these externalities have a cost. Business won't collaborate on that because it's only a negative for them.
I don't believe in public/private collaboration anymore. In Holland that was tried way too long.
> The military has labeled climate change a global destabilizer for years. Insurance companies and farmers are dealing with the fallout already.
Yet they continue to run full steam to meddle in oil-producing countries. I doubt they will keep this climate change classification up anyway as it is directly in contradiction to the dogmas of the current administration.
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