Monday, November 30, 2020

Growth and pollution

One of the many controversies in today's world is the argument over nationalism vs globalism. There is only an argument, because certain groups see this as either or. Both of these ideas have their strong points and their weak points. The solution should be to accept the best parts of each. We can all benefit from free trade if governments do not put their finger on the scale by subsidizing certain industries. We can increase productivity if we remove tariffs. As people prosper the climate suffers. China's move into modernity began in 1980 with the opening of the free market economy. The industrialization of China moved millions out of poverty but added billions of tons of CO2 to the atmosphere. China today produces 30% of the air pollution in the world and this continues to rise as they continue to grow. The global economy allows countries like China and India to grow but it also increases pollution. A win win agreement can be reached if the US sends natural gas to Asia to replace coal. Trade will permit the world economy to grow and at the same time reduce the increase in air pollution.

No comments:

Post a Comment