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  • The FT realising that markets won't deliver climate mitigation or adaptation and externalities are a market failure that no one can afford to pay for

    https://www.ft.com/content/b2b6fb7a-9477-4485-a9e3-435b5e9c987e?

    A hundred years from now, people are likely to remember our era as the time when we knowingly bequeathed a destabilised climate. The market will not fix this global market failure. But today’s political fragmentation and domestic populism make it almost inconceivable that the needed courage will be forthcoming either. We talk a lot. But we find it effectively impossible to act on the needed scale. This is a tragic failure.

  • Zealots and apostles of capitalism. Market forces are the beginning and end of all things for them, they’re so unable to think outside that box, and since they’re in positions of power they’re dooming us all.

  • Market forces are a great way to explain markets. The FT has been doing some good coverage of how markets aren’t enough to solve these kinds of problems:
    https://www.ft.com/content/bbe1bae2-3deb-11ea-a01a-bae547046735

    And a lot of people working for financial publications aren’t zealots or acolytes of capitalism, they’re just good at understanding/explaining how it works (and often that translates into seeing how it doesn’t work too)

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