So precisely who is going to pay for all this, and the reduction in growth it’s going to entail? Markets are levered if not overlevered, and maintenance of biodiversity is going to have both spending costs for the govt and resource extraction reductions (arguable), followed by compliance costs for firms. Sure we save ourselves, but face it, our economic system is a rational system which at the end must put a finite p…
I had a good laugh at this. It's only "rational" (or efficient) at optimizing the parameters we give it.
I'd argue that if "saving ourselves" is not a priority, then right now there are some important parameters missing.
If we'd put a sizable tax/cost on causing environmental harm, you can bet that "economic system" is gonna optimize the heck out of its processes to not cause that harm.