Economic Solutions for a Planet in Crisis
December 23, 2019
Capitalism can save a burning planet—if the left and right can bury the hatchet long enough to acknowledge that humanity needs both robust business and regulation, cautions investor Rand (Waking the Frog) in his thoughtful treatise. With climate disruption threatening social upheaval, he believes humans need “a pragmatic response to a messy problem.” Rand looks at how the current ideological impasse arose, warning that adherence to dogmas—either staunchly pro– or anti–free market—will prevent building the new economy that might solve the problem. On possible solutions, he stresses the need to get corporate leaders on the right side and to carry out market interventions to encourage the adoption of clean technologies. Much of the book’s strength is in its practicality. Most of the necessary technology already exists, he notes—it just needs to be commercialized and deployed before the world goes up in flames. A slightly panicky tone and a cutesy concluding letter to his newborn son detract somewhat from the gravity of the whole. However, this is largely a strong, well-reasoned argument for the left and right to work together for the common good. Agent: Arnold Gosewich, Arnold Gosewich Agency.