Quick! We Have to Do Something Today to Save the Chinese From Climate Change
From an interview with Nobel Prize winning Economist Thomas Schelling (Why you interview an economist about climate change is beyond me):
Well I do think that one of the difficulties is that most of the beneficiaries aren’t yet born. More than that: Most of the beneficiaries will be born in what we now call the developing world. By 2080 or 2100 five-sixths of the population, at least, will be in places like China, India, Indonesia, Africa and so forth. And what I don’t know is whether Americans are really willing to understand that and do anything for the benefit of the unborn Chinese.
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If I were to come clean to the American public I would say that, except for a very low probability of a very bad result — which is the disintegration of the West Antarctic ice sheet, which would put Washington DC under water — we are probably going to outgrow any vulnerability we have to climate change. And in case we’ll be able to afford to buy food or import it is necessary. You know, very little of the US economy is susceptible to climate. All of agriculture is less than 3% of our gross product. Forestry may be endangered. Fisheries may be endangered. But recreation might actually benefit!So if we can double our GDP in the next 70 or 80 years, even if we lose some of our GDP from climate change — even if we lose 10% of our GDP from climate change — we’re still ahead so much that the effect of climate change wouldn’t be noticed.
