Friday, May 15, 2009

Paul Krugman on China

"As the United States and other advanced countries finally move to confront climate change, they will also be morally empowered to confront those nations that refuse to act. Sooner than most people think, countries that refuse to limit their greenhouse gas emissions will face sanctions, probably in the form of taxes on their exports. They will complain bitterly that this is protectionism, but so what? Globalization doesn’t do much good if the globe itself becomes unlivable."

I understand this to mean that when The Titanic is sinking, everybody does their best to save themselves.

Fair enough. Run for your boat!

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