A $100/ton carbon tax would raise $490b(based on 4.9 billion tons of co2 emissions[0]) per year that could be distributed to lower income households (to offset the effect, making the tax progressive) and be used to fund green energy investment.
Given how chaotic the world is, I’m not sure that is true or if so just how true it is.
Democracies are inherently more chaotic than Communist dictatorships because of their very nature - democracies don’t tend to aim for stability, because stability brings about some good things but some bad things like lack of innovation and reduced competing, though I am not saying those are aspects of China per se, just speaking generally.
If we were to speak about China we could bring up a few long term planning failures. 3 stand out in my mind: the One Child Policy, the mass killing and starvation of Chinese people under Mao which set China back decades never mind the suffering, and more recently perhaps over-construction and the resulting ghost cities and unused infrastructure.
We could point to American short term thinking problems too but we are broadly familiar with those.
All that is to say, there’s a lot of either fear mongering or propaganda, not sure which. “China is long term oriented better watch out!” Is the current media phenomenon but nobody seems to really look at their long term planning failures or ask whether such long term planning is even good or successful.
Though one area China has been great at for long term planning is making sure their kids aren’t addicted to TikTok like ours.
It does make me think about the failure to react to changes or ideas that we ill-advised from the very start. I think, at least partially, this stems less from the long time horizon when planning and more from the lack of dissent in a dictatorship. The Chernobyl TV series's "The cost of lies" concept feels very poignant.