What's interesting is that we already know it's going to result in economic contraction, loss of profits, and general instability in the financial sphere. So we already know that tacking it will be profitable in the long run versus the alternative.
Perhaps the conversation needs to center on how to factor the long view into capitalism. Because in my view it is pretty shit at that, with often short term profits favoured over long term and the effects of that being felt long term.
Right now our intervention option looks like direct intervention to make things less profitable in the near term, and then we run into the problem of democracy also favouring short-term popularity over long-term stewardship and the immediate pains it bring to voters.
Perhaps the conversation needs to center on how to factor the long view into capitalism. Because in my view it is pretty shit at that, with often short term profits favoured over long term and the effects of that being felt long term.
Right now our intervention option looks like direct intervention to make things less profitable in the near term, and then we run into the problem of democracy also favouring short-term popularity over long-term stewardship and the immediate pains it bring to voters.