Why Economists Are Clueless About Climate Change
By Steven D, BooMan Tribune
Posted on July 4, 2011, Printed on July 4, 2011
Let me get this out of the way from the start. I am not an economist. I was a lawyer before my disability, though. My first specialty was in bankruptcy, so I am all too familiar with what happens when a corporation or business becomes insolvent. In many cases firms went bankrupt because they failed to invest in new technologies, especially technologies regarding safety, both safety for the general public who purchased their products and safety for their workers. They went for short term profits, and denied the risks they were taking, risks they knew about that were ignored.
This is the problem we are experiencing right now with our world and the global effects of climate change. No one in our government seemingly has the political will to tell the truth that our time is running out merely to limit the damage global warming has wrought, much less prevent it. No one is willing to stick their necks out and demand we invest in our resources into eliminating carbon emissions by any means necessary.