A Thinking Reed

"Man is but a reed, the most feeble thing in nature, but he is a thinking reed" – Blaise Pascal

Creative destruction

The book reviewed here asks if capitalism as we know it is compatible with reining in environmental destruction. The author is pretty convinced that the answer is no. If this is right, the problem then seems to be that 1. there’s no particularly attractive alternative to capitalism currently on offer and 2. even if there was, there’s absolutely no political will to shift in that direction.

My view up to this point has been that you need some kind of “social market,” that is, a market hemmed in–via laws, norms, etc.–by non-market values. But if growth itself, the very reason for a market economy’s being, is the problem, then I’m not sure that would be sufficient.

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