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Canada to announce all new cars must be zero emissions by 2035
(www.ctvnews.ca)
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The 'stuff required' (political, infrastructure, bureaucracy, etc.) is unfortunately at odds with unrestrained capitalism. While it would be lovely to have everyone deal with a modest car and a modest house, companies will do everything they can to lure customers to a more luxurious offering; and the customers will work themselves into an early grave to be able to afford it.
I don't care about grand narratives of economic ideologies anymore, but I wouldn't call corruption capitalism. Apart from all 18th and 19th century ideologies being unfit for 20th to 25th centuries climate change mitigation and resilience, a few countries being held back by decadence will not stop change, as we have seen with the PV industry.
Scheming this into Cold War-style binary thinking of Socialism/Communism vs Capitalism is insufficient. We will have achieved either parts goals and the planet turns into a hot desert.