By 2030, notes the UN Panel on Global Sustainability, “the world will need at least 50% more food, 45% more energy, and 30% more water – all at a time when environmental limits are threatening supply.”
By exploiting behavioral quirks, libertarian paternalists would nudge people into making decisions that are good for them, even while individuals have complete freedom to change their mind. The problem is that the semblance of choice is an illusion, because individuals do not consciously think through their decision.
"The more I study the Indian and Chinese growth models, the more I realise that the current debate over the state versus the market is a false dichotomy," writes Fung Global Institute President Andrew Sheng.
The most widely held theory of politics is also the simplest: the powerful get what they want. Yet this explanation is far from complete, and often misleading, because self-interest is neither fixed nor predetermined.