Wednesday, December 2, 2015

Only a stock market crash can save us

Ordinary folks across the world want cheap gas for their cars. We do not care if the planet becomes uninhabitable in fifty or a hundred years. We live here and now. Huge protests arise, both here and in poor countries if prices on gasoline are increased too much.

Only a tiny minority wants to limit their consumption and save energy. The overwhelming majority wants more of everything and as cheaply as possible. Farmers in Brazil and Indonesia will not stop clearing rain forests. They want to raise cattle or grow oil palms. Chinese and Indians will not stop burning coal. They need cheap energy.

Therefore it is totally unrealistic to expect a climate agreement in Paris which leads to a temperature increase below 2 degrees Celsius. Politicians can negotiate till the cows come home; the great majority does not give a damn about their solemn speeches and declarations. The only hope for humanity is a huge stock market crash; that the current economic system collapses.

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