Saving energy or stopping pollution is a good thing. What’s the danger in acting now?
We can save energy and stop real pollution without setting up a whole financial bureaucratic system based on “thin air”. The wholly unnecessary trading system feeds the sharks of finance with more money and power. We waste blood, sweat and tears and encourage cheats. We reward fraud and foster corruption.
When we trade real things, people who cheat get caught easily. They can’t get away with it for long. But in the quasi world of meaningless permits-for-air, the only limit to cheating is “what they can get away with”.
For example: Carbon credits paid to China to build hydro dams end up helping bankers buy yachts, and feed the mafiosi in China. They evict homeowners, don’t pay them enough compensation, flood their valleys and commit these people to homelessness or more slavery to bankers through mortgages.
Sure, some useful outcomes might occur. But hoping we get lucky is not “planning”. It’s policy-by-accident. If solar energy, say, is a good idea all on its own, we don’t need to invent fake reasons to force people to use more of it.
We could for example tax [...]