Bill Mitchell: It will end badly if we rely on the speculators and gamblers for a climate change solution

My rule of thumb is this:

1. If the financial markets are interested in something it is better for the rest of us to keep them at bay.

2. Do not allow ‘private profitability’ to be the guiding hand for moving our economies away from carbon usage towards net zero.

3. Actively seek to reduce production not shift it.

But most of all ‘keep the financial markets out’.



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