I read many pieces this week on Naomi Klein’s recent book on climate change. Since she is widely read, I’m happy that she decided to zero in on global warming and climate change. Since my children are young, I often think that they will hold it against my generation that we didn’t act with more conviction and determination to slash green house gas emissions. As far as I can tell—I’ll get the book this weekend—she argues against market-based solutions for halting climate change, and she advises against thinking that modest reforms compatible with capitalism will be sufficient.
I agree with her that it would be foolish to place our hopes in the hands of rich philanthropists who think that their business acumen will enable them to tackle complex collective problems. I argued before that philanthropy cannot replace higher marginal tax rates for the wealthy, and that a philanthropist deciding how and where he will give his money is not the same as democratic decision-making.… Continue reading