Honored to join economists from both sides of the aisle in support of a carbon dividends solution to climate change. https://on.wsj.com/2RUXrT0 via @WSJOpinion
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Economists are almost uniformly pro-capitalism and capitalism is incompatible with any meaningful climate change action. Of course their solution preserves profit with a token payoff to the victims, like a giant class-action settlement instead of a recall
Capitalism is compatible with Climate Change action. Capitalism means little more than permitting private property. Even those who own capital will often see the wisdom of collective action to maintain future asset values. The best capitalists would be good environmentalists.