Much more than a global tax on capital, a rebalancing of the global trade and exchange rate
system towards equilibrium (as Michael Pettis has been suggesting) is likely to reduce inequalities within countries while keeping the happy result of lower inequalities between developed and developing countries.
If demand is not equal with supply, or in economic terms, if the market is in disequilibrium, then market prices and market values should be decreasing or
increasing towards the equilibrium price, depending how demand relates to supply.
As the temperature rises
towards equilibrium air moves in and out more rapidly until equilibrium is reached between the energy flow from the heating element and the flow of energy out through the open door.
While the mainstream view has been that markets
tend towards equilibrium and the role of banks and finance can largely be ignored, Minsky argued that in the good times the seeds of the next crisis are sown as the financial sector engages in riskier and riskier lending in pursuit of profit.
When you say «If the oceans are warming at all, or if the net ice melting is positive, we are not in equilibrium» it suggests that you see temperatures inexorably
rising towards an equilibrium.
EOD makes no difference to equilibrium temperature it only makes a difference in the speed at which the system moves
towards equilibrium.
The observed climate is just the equilibrium response to such variations with the positions of the air circulation systems and the speed of the hydrological cycle always adjusting to bring energy differentials between all the many ocean and atmosphere layers back
towards equilibrium (Wilde's Law?).