by Summary:
The belief that climate change will have minimal economic impact is dangerously flawed. Imagine a factory. It relies on energy and raw materials. Now, picture that factory in a world where climate change disrupts energy supplies. Suddenly, the factory can't produce as much. That's not just a minor hiccup. It's a major economic blow. Economists like William Nordhaus assume that 85% of the U.S. economy is unaffected by climate change. This is like saying a ship can sail smoothly while ignoring the storm brewing on the horizon. It's a recipe for disaster. Ignoring energy and raw materials in manufacturing will lead to catastrophic underestimations of damage. When storms destroy roads, factories can’t operate. Supply chains break down. The economy doesn’t just slow
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Steve Keen considers the following as important:
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The belief that climate change will have minimal economic impact is dangerously flawed. Imagine a factory. It relies on energy and raw materials. Now, picture that factory in a world where climate change disrupts energy supplies. Suddenly, the factory can't produce as much. That's not just a minor hiccup. It's a major economic blow. Economists like William Nordhaus assume that 85% of the U.S. economy is unaffected by climate change. This is like saying a ship can sail smoothly while ignoring the storm brewing on the horizon. It's a recipe for disaster. Ignoring energy and raw materials in manufacturing will lead to catastrophic underestimations of damage. When storms destroy roads, factories can’t operate. Supply chains break down. The economy doesn’t just slow
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Mike Norman writes Oh no…Eva Langoria leaving the U.S.!!!
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Mike Norman writes Wishful Thinking
| The belief that climate change will have minimal economic impact is dangerously flawed. Imagine a factory. It relies on energy and raw materials. Now, picture that factory in a world where climate change disrupts energy supplies. Suddenly, the factory can't produce as much. That's not just a minor hiccup. It's a major economic blow. Economists like William Nordhaus assume that 85% of the U.S. economy is unaffected by climate change. This is like saying a ship can sail smoothly while ignoring the storm brewing on the horizon. It's a recipe for disaster. Ignoring energy and raw materials in manufacturing will lead to catastrophic underestimations of damage. When storms destroy roads, factories can’t operate. Supply chains break down. The economy doesn’t just slow down; it can collapse. We need to rethink how we view climate change. It’s not just about rising temperatures. It’s about the very systems that keep our economy afloat. The reality is that climate change will impact every sector. From agriculture to manufacturing, no industry is immune. If we don’t address this, we risk creating a world where economic stability is a distant memory. The stakes are high. We must act now, or we’ll find ourselves in a situation where the economy can’t recover. The consequences will be felt by everyone. It’s time to wake up and realize that climate change is not a minor issue. It’s an existential threat to our economy and society. We can’t afford to ignore it any longer. |
Somewhat like geese predicting in November that the next 12 months will continue to be filled with plentiful food… IYI, as Nassim Taleb labels such thinkers!
AGW is a scam laqcking in scientific rigor
Climate change is a big scam. Pushed by Rockefeller institute and Club of Rome from the 1950s. They were funding discussion of Arrhenius's theory while we had global cooling 1940-70. Aidropped by James Hansen followed by immediate billions in funding per year. A big spigot of money for anyone who could push the theory. Career suicide for anyone who opposed it. All the scientists got the message. If you can't see it's a scam why should we trust your judgement on anything?