Brendan JonesJul 7, 2023

Still can’t get over the fact that an editor of the Financial Times said that we need to do away with #capitalism in order to deal with the #climate. If that’s not a sign of mainstream economics/finance finally waking up to the reality of the situation we’re in, I don’t now what is.

edit to add link (thanks Boud): https://archive.ph/2023.06.29-113742/https://www.ft.com/content/86d71297-3f34-48f3-8f3f-28b7e8be03c6

Show threadChilly Dee WilliamsJul 7, 2023
@Brendanjones Earlier this year I read an FT article that basically said US automakers need to stop making big trucks for the safety of the road and for the good of the environment. Blew me away, so I wrote to the author and said how surprising it was to read an article like that from FT.
He wrote back and no lie, his first line was like, "Why would you be surprised by that?"
I my perception of something is off here but I'm not sure what it is.
Show threadMartin Howitt
@rogerriddle @Brendanjones I got an FT sub out of curiosity as a friend said to try it and basically it seems to me that these are people who are interested in the long term (30+ years) sustainability of investments. No environment, no returns. That's the thinking. They want govt to help ensure that. It makes them take quite a lot of relatively left wing views on a range of topics.
Jul 7, 2023 at 6:37pmWeb
Show threadChilly Dee WilliamsJul 7, 2023
@martinhowitt @Brendanjones That makes a lot of sense.