The free market capitalism of the past three decades has put the emphasis particularly on consumption and trade. But as we remake our economies to stay within our global carbon budget, we need to see less consumption (except among the poor), less trade (as we relocalize our economies), and less private investment in producing for excessive consumption. These reductions would be offset by increased government spending, and increased public and private investment in the infrastructure and alternatives needed to reduce our emissions to zero. Implicit in all of this is a great deal more
...more
