Why Denmark removed 40% of Greenland from the economy—and what it teaches us about modern capital

There are real costs to short-term optimizations, while set-asides offer a way to reap superior economic returns in the medium term.

Uummannaq, Greenland [Photo: Getty Images]

A useful rule of thumb is that when a problem persists for decades despite serious effort, the failure is usually not one of effort or intelligence, but of framing. Climate change sits squarely in this category. We have poured talent, capital, policy, and good intentions into solving it, and yet the core dynamics........

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