Can climate change be adequately engaged by market changes? (most of COP wants that engagement, assuming the solutions lie within markets and economics, new tech) or must we rethink the social contract, the nature of private property?.1 rethinking representative government?
I am convinced that the problem is political within which economics is a small part. The US experiment in the time of George the Third was a reaction to political and economic conditions inside England and its empire. The solution was not economics but politics, creating, after lots of debate, the US Constitution. It was about power, how to allocate it, and how to change it. What we need now are changes the results of which create the leverage points for major changes responding to the needs of climate change.2 The issues that need to be addressed go beyond corporations and would create new structural institutions.3
The way to prevent the emergence of a strong conversational focus that could actually achieve needed changes on the problems caused, especially by fossil fuels. is by focusing on fragmented issues that, even if added together, don’t reach the major problems, The goal of the big companies, especially oil, is to have COP attended and the press vigorously discussing poverty, third-word development, equity, early warning systems, gender and equality issues and has not discuss big oil, coal and gas.
The presentations of the presidents and prime ministers spoke with more power than the. climate bureaucrats in there all the allegations. Perhaps a president has the opportunity to see broadly whereas ministers and managers must focus on their institutionally defined silos.
The key message here is that the growth of Economics has cast its shadow on politics. Politics is where the leverage exists to make substantial changes in the way society functions, to protect the poor, to protect the land, and above all, to protect all the species. Economics can only play with income, taxes, and money we seriously need a new constitution. Politics can make constitutions, but economics can’t.
The origin of private property moves from the public to sonscription by elites and bureaucracies The word comes from privatus latin for removed from the public, and property comes from what is proper to a man of rank to show his status in society.
and related problems of income, distribution, and restraint on the current assailing of prime ecologies and human habitat.
See Roberto Unger The Knowledge Economy, on structural reform. Ezra Pound, ABC of Economics, Yanis Varufakis, What Killed Cpitalism