![]() First, though, we should make sure that we see clearly why efforts to reverse climate change by tackling stock-market short-termism are misguided. Are there similarly straightforward interventions that would help overcome other problems often blamed on short-termism? For example, you say that forcing companies to pay a price for their emissions would do a lot more good in fighting climate change than anything related to time horizons. This view is not only wrong, you argue it leads to ineffective, even counter-productive solutions. Project Syndicate: In your new book, Missing the Target: Why Stock-Market Short-Termism Is Not the Problem – and in a number of PS commentaries – you criticize the conventional wisdom that stock-market short-termism is a major contributing factor to some of our biggest long-term challenges. ![]()
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