this post was submitted on 09 Jul 2025
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The problem with climate is we would need to stop doing mass immigration from low emission countries which raises the cost of borrowing. We would need to cut off imports from emerging markets, so the cost of goods would rise and we would have higher interest rates, crashing our housing bubble.
We are entrenched with climate change because our borrowing cost is tied to cheap goods produced using coal by wage slaves in areas with the lowest worker rights.