The intertwined challenge of climate change and social inequality is hitting a brick wall on the reality that resolute governmental intervention could destabilize the economy and inevitably radicalize elections in favor of authoritarian leaders. The stalemate is increasingly fracturing public opinion about regulation priorities in regards to taxation, subsidies, energy standards, carbon-taxing, minimum wages or protectionism. None has yet yielded results sufficient to prevent discontent or polarization of politics.
Thinking outside of the box of tax-and-regulate
It prompts one question: could it be time to consider an unconventional strategy lying in the underexplored realm of the underground economy and its alternative currencies? As it stands, jobs and tax-free transactions already happen outside the regular system. Could it inspire a way for creating green jobs with good wages and untaxing clean energy?
Vincent Lannoye was born in the US and grew up in Belgium in an industrial family, which sparked his curiosity to analyze and critique economics. An engineer with an MBA from Edhec France, today he works in high-tech in Silicon Valley. His past, his passion for economy, the lack of accessible works about the economic implications of the fight against global warming, and his monetary ideas, all have inspired him to write about economics.