Richard Wolff Debunked: Market Solutions, Climate Change, and Child Labor

Dr. Richard Wolff posted a short clip as part of his Economic Update (EU) on the channel Democracy at Work. In it, Wolff argues that market solutions cannot address the dire issues of climate change and global warming. He cites the necessity of government abolishing child labor as evidence for this. Per the usual, Dr. Wolff’s claims are both economically illiterate and historically inaccurate.

Hashtags: #ClimateChange #CarbonTAX #ClimateActionNow #Capitalism #Government #ChildLabour

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Original Video:

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Citations/Source Material:

Gleckman, H. (2018, October 10). Bill Nordhaus, The Nobel Prize, Climate Change And Carbon Taxes. Retrieved April 11, 2019, from https://www.forbes.com/sites/howardgleckman/2018/10/10/bill-nordhaus-the-nobel-prize-climate-change-and-carbon-taxes/

Nobel Prize Economist William Nordhaus Has a Solution for Climate Change at the Yale Alumni in Energy Conference 2019 | Markets Insider. (2019, April 10). Retrieved April 11, 2019, from https://markets.businessinsider.com/news/stocks/nobel-prize-economist-william-nordhaus-has-a-solution-for-climate-change-at-the-yale-alumni-in-energy-conference-2019-1028100001

Murphy, R. P. (2019, February 1). The Economic Argument for a Carbon Tax Is a Work of Fiction | Robert P. Murphy. Retrieved April 11, 2019, from https://mises.org/wire/economic-argument-carbon-tax-work-fiction

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

Tucker, J. A. (2008, January 22). The Trouble With Child Labor Laws | Jeffrey A. Tucker. Retrieved April 11, 2019, from https://mises.org/library/trouble-child-labor-laws

DeGregori, T. R. (2002, October 08). Child Labor or Child Prostitution? Retrieved April 11, 2019, from https://www.cato.org/publications/commentary/child-labor-or-child-prostitution

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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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