> “As the lockdown to stop the spread of coronavirus in India continues, pollution levels across much of the country have dropped sharply. Now some residents in northern India say they can see the snow-capped Himalayas 200 kilometres away for the first time in 30 years.” [1]
If we had a global deflationary economic system, the incentive to invest in capital and engage in consumerism would dissipate. People would work less, because there would be less reason to work. Without work, people would have less reason to travel. Pollution would drop accordingly.
Under a deflationary economic system, a touch over $480,000 in savings would yield an effective “UBI” of $1000/mo [2].
Once adopted by the entire world, a global currency of fixed supply controlled by computer algorithms could achieve this. Humans would voluntarily work less and pollute less.
> “As the lockdown to stop the spread of coronavirus in India continues, pollution levels across much of the country have dropped sharply. Now some residents in northern India say they can see the snow-capped Himalayas 200 kilometres away for the first time in 30 years.” [1]
If we had a global deflationary economic system, the incentive to invest in capital and engage in consumerism would dissipate. People would work less, because there would be less reason to work. Without work, people would have less reason to travel. Pollution would drop accordingly.
Under a deflationary economic system, a touch over $480,000 in savings would yield an effective “UBI” of $1000/mo [2].
Once adopted by the entire world, a global currency of fixed supply controlled by computer algorithms could achieve this. Humans would voluntarily work less and pollute less.
[1] https://www.sbs.com.au/language/english/audio/himalayas-visi...
[2] https://news.ycombinator.com/item?id=31759685