“Scientists should say what they honestly believe instead of being so damn conservative.” Jeremy Grantham
WESTPORT, Mass. — The talk was titled “Race of Our Lives: Trying to Live Successfully with Climate Change,” and it was one of the best presentations about climate change, its impacts, its causes and the solutions this reporter has attended.
The speaker, Jeremy Grantham, is a billionaire, has been called a “famed investment manager” and a “legendary investor,” and is a self-proclaimed capitalist. He’s also a renowned environmentalist and philanthropist. He spoke with passion, honesty and frustration, all sprinkled with a touch of profanity.
Despite his affinity for capitalism, the venture capitalist had no problem blaming his favorite economic system for many of the climate-related challenges now facing the world.
“Capitalism is mythically good at everything, but there are a handful of things it doesn’t do well,” said Grantham, noting that it has helped orchestrate a tragedy of the commons. “Capitalism will pollute at will. It will always take the cheap route unless mandated not to. To a capitalist, grandchildren have no value.”
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