Yaron Brook on Capitalism, Question 5 - Ayn Rand Institute
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What is the free market solution to climate change? This question is from the Q- &-A period of a lecture titled "Why Unregulated (Laissez-Faire) Capitalism Is the Only Moral Social System," delivered at the University of California, Irvine on April 14, 2008.
Yaron Brook is president and executive director of the Ayn Rand Institute in Irvine, California.
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Right now, the high price of fuel will do more for climate warming than Kyoto. When the price of crude oil will reach 150$+ the barrel, car and truck maker will propose fuel-efficient cars. This is why the Honda Hybrid is such a popular car right now; it's a real camel!
Just like wood and coal, oil will be left behind when the next best thing will be ready. The help it will provide for global warming is a side effect, not the main goal.
Therefore, the earth as a whole is expanding as it warms (why we have earthquakes) and water fills in the void.
So, the deluge Dis/Mis-Integration? - Not gonna happen.
I $ I
Anyway, I think the best way to combat global warming, if indeed most of it comes from C02 created by humans, is to move to nuclear energy through the free market, and once solar power becomes way more efficient and commercial, we'll just move to that (and in places where the sun is present most of the day and for most seasons, those individuals will truly be energy independent). But it's not going to be a quick fix--nothing is.