OK, yes, I admit, there is ONE way that dismantling capitalism might halt climate change. But you're not gonna like it.https://twitter.com/economics/status/1051940120688058368 …
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Oh so we’re talking about Norway nowhttps://www.economist.com/special-report/2013/02/02/the-rich-cousin …
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Norway is great. But living like Norway ain't gonna save the climate unless we decarbonize a lot more than Norway has, my friend.
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Do you really think those failures are orthogonal to Chavez' brand of socialism? Spending tons of money = Chavez' strategy to help the poor (which was inevitably riddled with cronyism). As for not diversifying...it's hard to do without private business.
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The money spent wasn’t exclusively spent on the poor or programs for them. Their economy originally flourished but it was based on oil revenues and when that tanked the economy did too. So Venezuela was as dependent on capitalistic markets as we are.
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It's hard to imagine a more oil-dependent economy than Saudi Arabia. Yet it has taken only a very mild economic hit from the oil price drop, whereas Venezuela is a huge disaster. Why the difference?pic.twitter.com/EzBjmLt4Ax
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As stated before, Venezuela is almost exclusively dependent on oil revenues. Saudi Arabia is heavily dependent too but is a monarchy, is a big influence in OPEC and enjoys huge support from our government
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That graph makes you look really foolish.
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Being told I'm foolish by foolish people is always mildly amusing. :-)
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'no you' christ.
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Oh you're cherry-picking the oil-based Scandinavian nation. Hm.
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Oil drilled by Norway and sold to the UK will count in the UK's emissions, not Norway's.
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As it should be. And Norway is a capitalist country.
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Incidentally, this graph is precisely why Matt had to take the position he did today on climate change/geoengineering (and may very well be right!).
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