Containment of Crises

Virtuous path dependency of regulatory preparedness, welfare preparedness, and market preparedness are needed for crisis responsiveness. Acting alone, strong markets that put a price on carbon fail to tame climate change without prosecution of carbon fraud and without state closures of power plants and carbon-intensive production lines. Responsive regulation of powerful interests is imperative because of gaming catastrophe through organizational power. The military-industrial complex games war to sell weapons. High finance games tax and market rules to make the fabric of law more complex, widening gaps between rich and poor. Industrial capital games environmental enforcement and carbon pricing by carbon fraud, offsets fraud, and greenwashing. Big pharma games patents, monopolizing profiteering from pandemics, widening rich–poor health gaps.