The Rational Climate e-Book - PP

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Economics are implemented by taking advantage of certain features of the aftermath of major disasters, be they economic, political, military or natural. The book appears to claim that these shocks are in some cases intentionally encouraged or even manufactured. The book has led The New Yorker to judge her "the most visible and influential figure on the American left like Noam Chomsky was thirty years ago». In Naomi Klein's fourth book,"This Changes Everything: Capitalism vs. the Climate" (2014) Klein argues that the climate crisis cannot be addressed in the current era of neoliberal345 market fundamentalism, which encourages profligate consumption and has resulted in mega-mergers and trade agreements hostile to the health of the environment. "What if global warming isn't only a crisis?" Klein asks in a preview of a documentary inspired by her book. "What if it's the best chance we're ever going to get to build a better world?" In her mind, the world has to "change, or be changed" because an "economic system" -- meaning freemarket capitalism - has caused environmental wreckage. «This Changes Everything» had become a touchstone of progressive climate activism. “It's the single strongest statement we have for why carbon-fueled capitalism (or 'extractivism') with its imperative of relentless growth and exploitation, is fundamentally incompatible with ecological sensibility and climate justice”. The book puts forth the argument that the hegemony of neoliberal market fundamentalism is blocking any serious reforms to halt climate change and protect the environment. Questioned about Klein's claim that capitalism and controlling climate change were incompatible, Benoit Blarel, manager of the Environment and Natural Resources global practice at the World Bank, said «that the write-off of fossil fuels necessary to control climate change will have a huge impact all over" and that the World Bank was "starting work on this". One must remember that the founders of the World Bank were John Maynard Keynes and Harry Dexter White. This is how the global warming alarmist community thinks. «It wants to frighten, intimidate and then assume command. It needs a "crisis" to take advantage of, a hobgoblin to menace the people, so that they will beg for protection from the imaginary threat. The alarmists' "better world" is one in which they rule a global welfare state. They've admitted this themselves» (Jackson, 2015). The only economic model in the last 150 years that has ever worked at all is capitalism. The evidence is prima facie: From a feudal order that lasted a thousand years, produced zero growth and kept workdays long and lifespans short, the countries that have embraced free-market capitalism have enjoyed a system in which output has increased 70-fold, work days have been halved and lifespans doubled. Demonstrating an anti-rich and anti-capitalist stance is nothing new as Jesus said «it is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God» (Matthew 19:24). Hopefully, the belief that the economy could be a growing global pie turned out to be revolutionary has it enabled growth based on credit, and the book «The Wealth of Nations» published in 1776 by Adam Smith was probably a strong foundation to this new way of thinking. The first theme in «The Wealth of Nations» is that regulations on commerce are ill-founded and counter-productive. Another central theme is that this increased productive capacity supporting a positive vision of the future and thereof the rationale for credit rests on the division of labor and the accumulation of capital. This is made possible contrary to Jesus’s and all later anti-capitalist’s beliefs in general. Smith’s third theme is that a country’s future income depends upon this capital accumulation 346. A fourth theme is that this system is automatic and the market is self-regulating. Where things are scarce, people are prepared to pay more for them: there is more profit in supplying them, so producers invest more capital to produce them. But the system is automatic only when there is free trade and competition. A further theme of «The Wealth Of Nations» is that competition and free exchange are under threat from the monopolies, tax preferences, controls, and other privileges that producers extract from the government authorities and in that respect the policies enacted in the wake of the UN/climate change do not escape the criticism. For all these reasons, Smith believes that government itself must be limited. Its core functions are maintaining defense, keeping order, building infrastructure and promoting education. It should keep the market economy open and free, and not act in ways that distort it. At yet, by showing how the freedom and security to work, trade, save and invest promotes our prosperity, without the need for a directing authority, «The Wealth Of Nations» still leaves us with a powerful set of solutions to the worst economic problems that the world can throw at us (Smith, 1776). As Harari (2015) reminds us «Smith’s claim that the selfish human urge to increase private profits is the basis for collective wealth is one of the most revolutionary ideas in human history – revolutionary not just from an economic perspective , but even more so from a 345 With the meaning used in Europe, of neo-capitalism. 346Countries fighting capital accumulation with a wealth tax of whatever kind to promote «social justice» will impoverish themselves as evidence has shown, e.g. France (1981-2020) and this is why the Nobel price in economic sciences awarded to Esther Duflo (together with Abhijit Banerjee and Michael Kremer) is unwise; her first public appearance was for a full reinstallment of the wealth tax in France. Why, if the measure was efficient, did it not obtain any result fighting poverty over the very long 1981-1986 and 1988-2017 period?

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The Rational Climate e-Book - PP by John A. Shanahan - Issuu