The massive hidden costs of the fossil fuel system

The prevailing opinion among today’s political and economic elites is that economic globalisation is in some sense inevitable, perhaps even the summit of human achievement. The oft-repeated mantra is that ‘there is no alternative’ and we should adapt to it as best we can.

Rather than being inevitable, economic globalisation is, in fact, the result of a number of carefully chosen policies. Paradoxically, as we shall see, many of these directly contradict the basic tenets of classical free market economic theory, from which the proponents of economic globalisation draw much of their inspiration and authority.

By understanding the key reasons why the global economy behaves as it does today, we will be in a better position to discern the core patterns underlying economic behaviour and, if we choose, to change them. Two key drivers of today’s global economy are externalities and subsidies.

Read the Insurgeintelligence story By Dr Daniel C. Wahl - "The massive hidden costs of the fossil fuel system.”