AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Jeremy Grantham on Investing in Green Tech
Conversations with Tyler
Climate Change
I have, unfortunately, no confidence in capitalism in dealing with the commons. I understand that global warming takes place in a commons, right? The earth's atmosphere. But topsoil is essentially private property. And if a lot of other farms were losing topsoil and you maintained yours, there'd be a high privatized pecuniary return to doing so. So why does short term time horizons prove to be a problem there? Why doesn't the market internalize the gains and costs? Markets are occasionally quite efficient; as we see in stock market levels, occasionally ludicrously inefficient and everything in between. We're not anticipating in mitigation expenditures. We're spending nothing.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode