"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Friday, October 12, 2007

Nice Argument for Mitigation

Sheril Kirshenbaum at the Intersection has spotted an excellent, accessible and remarkably entertaining YouTube presentation arguing for vigorous mitigation.

I had seen the same fellow's earlier attempt and was dissatisfied with it on the grounds of the giant hamster defense (watch the clip for a definition). The present version takes note of this counterargument and handles it deftly.

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