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By insisting that only their own coins were acceptable as fees, fines, or taxes, governments were able to overwhelm the innumerable social currencies that already existed in their hinterlands, and to establish something like uniform national markets.
Upset credits could be awarded directly to groups and individuals when they work to
achieve climate progress on their own. In addition, as with the existing offset approach, benefits could be shared in the case of legal and political activities that are “sponsored” by a financial partner. Imagine just for a moment a world in which global financial houses like Goldman Sachs devote their intellectual, financial, and political capital, not to the exploitation of dubious offset opportunities such as HFC-23 capture, but to the identification and promotion of critical sites of political intervention by disempowered voices for sustainability.
Ways Not to Think About Climate Change
Kysar, Doug
While the Rhine model emphasizes certain obligations of economic institutions to the polity, the Anglo-American model stresses the state bureaucracy’s subordination to the economy, and thus is willing to loosen the safety net provided by government.
The Corrosion of Character
Richard Sennett
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