[contingencies]

Predatory capitalism is based on the privatisation of profit and the externalisation of cost. It is an extension of the fencing of the commons, of enclosures, along with the criminalisation of prior common customs and rights. What we need is a system that fully accounts for all costs. Whether we call that capitalism or not is irrelevant to me. But doing so would fundamentally transform the dynamic of present day capitalism, by making capital open source. - Robert David Steele, The Guardian, 2014-06-19

The point is ... this is indeed symptomatic of a system in which only certain things are valued with money, and everything else (the environment, the future, health, social wellbeing) is left largely unaccounted for.

So what's the solution? We tried carbon credits, but they were apparently insufficiently profitable or liquid as an asset class to attract investment, and perhaps the issue was that if country A implemented harsh environmental laws and nobody else did, all the industries left, which resulted in watering down the environmental commitments. While most developed world governments do OK at solving or at least limiting the effect of serious environmental issues locally, the issues that exceed national jurisdiction tend to grow unchallenged.

Interesting times.

[TeMPOraL]

Random idea: we need to work on more efficient governance and even faster transportation. Both of that to enable a global government to form, so that when an industry doesn't like environmental regulation, the only place it can move to is Mars.