The Invisible Hand Won’t Solve the Climate Crisis. Capitalism Must Evolve. (Link)
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The Invisible Hand Won’t Solve the Climate Crisis. Capitalism Must Evolve. (Link)

Summary:

When both the Occupy Movement and the Tea Party hit the nail on the head, pay attention.

The Invisible Hand Won’t Solve the Climate Crisis. Capitalism Must Evolve. (Link) was originally published on Aware & Fair

When both the Occupy Movement and the Tea Party hit the nail on the head, pay attention.

“There are two extremes in the debate over capitalism’s role in our present climate change problem. On the one hand, some people see climate change as the outcome of a consumerist market system run rampant. In the end, the result will be a call to replace capitalism with a new system that will correct our present ills with regulations to curb market excesses.
On the other hand, some people have faith in a free market to yield the needed solutions to our social problems. In the more extreme case, some see climate policy as a covert way for bigger government to interfere in the market and diminish citizens’ personal freedom.

Capitalism is a set of institutions for structuring our commerce and interaction. It is not, as some think, some sort of natural state that exists free from government intrusion. It is designed by human beings in the service of human beings and it can evolve to the needs of human beings.

The form of capitalism we have today has evolved over centuries to reflect growing needs, but also has been warped by private interests. Yuval Levin points out that some key moral features of Adam Smith’s political economy have been corrupted in more recent times, most notably by “a growing collusion between government and large corporations.” This issue has become most vivid after the financial crisis and the failed policies that both preceded and succeeded that watershed event. ”

— Andrew J. Hoffman, Evonomics

The Invisible Hand Won’t Solve the Climate Crisis. Capitalism Must Evolve. (Link) was originally published on Aware & Fair

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Written by
JoAnn Chateau
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JoAnn Chateau

Who’s Writing?

JoAnn Chateau

JoAnn likes progressive politics and loves the canines. She writes fiction about Chester, the Alpha Bichon -- with a dash of humor and a dab of Poli-Sci. Her views and insights are tinted by a former profession in Counseling, Christian theological studies, and training in Library and Information Science. Retired now, JoAnn enjoys the creative life.

Chester

Chester is a scruffy little Bichon dog, with a congenial Napoleon Complex, and stars in "The Chester Chronicles." He sometimes reports independent Canine News -- NO corporate treats accepted, NO corporate bias. Woof!

Graffiti Girl

Graffiti Girl (GG) is curator at JoAnnChateau.com. She's progressive to the core, and easily blown away by serendipity and/or good food. (OK, GG is really JoAnn.) GG's posts signal that news or content from another website is a "must-see" and "must-remember."