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The University of California has all but dropped carbon offsets - and thinks you should, too
(www.technologyreview.com)
this post was submitted on 30 Nov 2023
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Carbon offsets were never going to work. You can't solve problems caused by capitalism with more capitalism.
I am curious to see what other purely capitalist solutions these braniacs think of next though. I'll be funny to watch the world burn while they keep thinking of ways to pretend to solve the problem while ignoring real solutions
The only real big gun left is Carbon Quantitative Easing, aka Carbon Coin: https://en.wikipedia.org/wiki/Carbon_quantitative_easing
Oh boy, quantitative easing has worked so well in all other applications hasn't it. That does seem to be the last bastion of neoliberal stupidity / greed
Essentially it would involve buying off the oil companies by paying them not to pump out their oil that they've identified. Theoretically this would kill the oil companies by giving them a large one-time payment but depriving them of ongoing revenue. It isn't too far out of line with the "buy off the bourgeoisie" proposals I've seen tossed around this site. Although of course more people here would prefer wall-based solutions.
Ask LA how that's working out for their water situation! Quantitative easing is such a bunk solution. Just paying people to stop causing problems. It's essentially bribery.
So yeah that's definitely what they'll do. Tax everyone and then pay the oil companies to stop making oil. But then they'll make oil anyway because there won't be any legal reprecussion for taking the money and running
I think it definitely is bribery. I almost appreciate it in that sense, because it acknowledges the blatant class conflict at play instead of papering over it. Paying the bourgeoisie so they fuck off and stop killing us. Best paired with a 100% inheritance tax so the money comes back in 30 years. I agree enforcement is an issue.