Good question
(CBC) It seems a strange disconnect. If climate change is really causing economic havoc, as outlined in a new blue ribbon Congressionally mandated report from the United States. why is business so insouciant?
That’s not the way markets are supposed to work. According to the theory, if there is a problem that needs to be solved, markets move to fix those problems. When that theory holds true, it’s one of the wonderful and useful things about market capitalism.
Boom, there’s your answer. Business doesn’t seem to think there’s a problem. They don’t see a loss in revenue. They see weather. Well, obviously, all these businesses are wrong, because doom!
So if the entire productive capacity of the United States — and by extension Canada — is suffering damage due to climate change, why isn’t business onside when it comes to efforts to try and minimize it?
Three potential reasons come to mind.
- Short Term Thinking
- Vested Interests
And here’s my favorite
Climate change futures
As for reason number three, there is something self-fulfilling about it, but it may be that business leaders have begun to honestly believe the widespread propaganda of climate change denial. Perhaps they are truly convinced that the vast majority of scientists, save those paid by the Scientific American donors mentioned above, are all wrong.
See? Businesses have Wrong Thoughts. Of course, it’s so obvious! Or, business may not care that weather changes. They adapt. They see a cult.
