Tyndall Center Director Anderson: Rapid Emissions Reduction Hard: 4-6C Far, Far Worse

[NoOneMan]

26. Supply-Side, Trickle-Down Economics is false

Its disproven and completely bullshit. When there are a few individuals with high concentrations of wealth, they cannot and will not spend it (commanding energy) at the same velocity as many autonomous actors with low concentrations of wealth. We have shown this time and time again.

The wealthier and larger the middle-class is the faster the GDP will grow (and technology for that matter); and GDP is an abstract measurement of energy commanded in a population.

Climate change is where traditional 20th Neo-Classical economics gets really muddy and really depressing. You wake up and realize one day that everything you've spent years advocating for is killing the planet at an incredibly fast rate, and a decrepit world of economic injustice actually gives us just a couple more years. Its bizarre.

The arguments of the 20th century was about disparity vs equality, civil rights vs totalitarianism, the commons vs private enterprise. Right now, we are in a crisis and everyone is still seeing the world through these noble, but irrelevant, shades. The question of the 21st Century is survival vs extinction.