Spoiler: Global warming is a real problem that needs to be addressed. However, policies appeasing the cries of alarm demanding de-growth and socialism would be disastrous for our planet. Most of the growth today is intensive. That means that we consume more of less material-intensive products such as information- and telecommunication services. The production of such requires less inputs of material and energy than production of goods. Continued growth including digitalisation, more use of robots and artificial intelligence in the production processes will therefore mean even less use of resources than today while less growth or de-growth means the opposite. And the good news is that de-coupling is possible.
De-coupling can only take place in market economies. Socialism and planning economies would only make matter worse. The belief that concentration of power in the hands of a few people should solve the problem of global warming ignores the fact that there has never been any more environmental damaging system than the planning economies in Soviet Union, its satellite states, China and North Korea. Market economies are much more capable of fostering new ideas and transforming these into innovative products through technological progress than planning economies. But markets alone won’t do it. Policies that affect relative prices supporting green technology and provide incentives for innovation are necessary.
Spoiler. The current demonstrations and riots in Chile that started as protests against a 3.75% increase in public transportation tariffs. The focus of the demonstrations seems to have turned into demands of a fairer society. The protests may be justified. And the rage over military forces patrolling the streets, reminding people about Pinochet’s brutal regime is understandable. But contrary to what we read and hear from the often-ill-informed media, and what Leftists want us to believe, the people of Chile are not subject to oppression and impoverishment by neo-liberal policies. In fact, if one looks at Chile over time, incomes have increased, and inequality decreased.
Spoiler. Once a year or so, Putin addresses the Russian people. During these shows, he likes to boost about Russia’s super weapons. He also boosts about the technological capacity, or even superiority of Russia. But the explosion at the White Sea casts some doubt about Putin’s claims. The development of these nuclear driven missiles is a technology that the US for good reasons decided not to pursue decades ago.
The above-mentioned failure reflects the disastrous economic policy that has turned Russia into a low-productive economy with weak innovation capacity. But Putin does not care about ordinary Russians welfare. What he does care about is keeping the grip on power and protecting his oligarchs’ wealth.
Spoiler: Communist leaders promised people in their countries to build socialist paradises. But life in the Soviet Union and its satellite states were miserable. People were poorer and did not live as long as people in the west. People in communist countries died earlier not only because of the mass executions, slave labour in- and outside of prison camps and regime-made famines but also because of environmental disasters causing diseases among the populations.