
Libertarian Syndicalism with Tom Wetzel
The Final Straw Radio
00:00
The Differences Between Cap and Trade and Carbon Taxes
The problem with the present institutions that do regulation is that they have no way to impose an accurate price, the production organization, that actually represents the real damage. So then the capitalist firms have enough power, you know, in controlling the state that the prices will always be set low enough to not really solve the problem and to not affect their profitability. This is why the fossil fuel industry, the oil companies, now are backing carbon taxes. The reason they're doing that is they know they have enough clout to make sure that those taxes are low enough, they could still make a profit. In other words, it will be ineffective. And that's because of the state being controlled by the capitalists
Transcript
Play full episode