On why the market economy won’t protect the environment

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“ …market mechanisms cannot protect the environment or the welfare of humankind. They are not tools that can be put to the service of any cause: they belong to a mode of production based on competing for the rights to profit from the exploitation of human labor and natural resources. Nicholas Stern wrote that ‘climate change is the largest market failure the world has ever seen.’ This failure does not come from any fault in the market but from the market’s very nature. Trying to use market mechanisms to combat a climate disaster caused by the market economy is as counterintuitive as proposing we build tanks to build hospitals or schools ”

Daniel Tanuro, ‘The Right’s Green Awakening’, Jacobin Magazine

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