Sublime

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

China’s communications, as well as the managing of its fragile environment – dependent on water, threatened by floods – required an unusual degree of bureaucratic liaison between centre, province and district.

Singapore’s prosperity could have turned it into another bumper-to-bumper Bangkok, whose congestion—gridlocking the average driver the equivalent of forty-four full days a year—is estimated to reduce Thailand’s entire GDP by about one-sixth. Yet Singapore is rarely congested, because it taxes cars heavily, auctions the right to buy them, imposes a

There are various ways, including a carbon tax or cap-and-trade program, to ensure that at least some of these external costs are paid by whoever is responsible for them.

Public markets reward predictability.

better/faster/cheaper.

In 2019, a cross-sector team of scholars, activists, and system-designers met to explore strategies for “Navigating the Great Unraveling.”11 They projected out best- and worst-case scenarios for the year 2040 across four key drivers: available energy, degree of climate change, level of economic activity, and amount of accessible freshwater. For cli