I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.- Thomas Jefferson.

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Friday, February 4, 2011

The alarm industry

From this post:
...it is clear this latest strand of virulent fundamentalism - carbon fundamentalism - is tolerated and indeed encouraged by virtually all powerful vested interests on earth. Here’s why:

* Insurance companies get to charge higher premiums

* Fossil fuel companies get to keep prices (and profits) high

* Politicians get to enact new taxes

* Public sector entities get new tax revenue to fund their pensions

* Environmental organizations get more funds

* Left wing activists get a new basis to attack private ownership

* Labor unions get more jobs, especially in the public sector

* Lawyers get a new basis to file lawsuits

* Wall street gets to trade emissions credits

* Climate researchers get more grant requests funded

* United Nations bureaucrats get a guaranteed revenue stream

And along with those special interests, sadly, add the inspired hoards of greentech entrepreneurs who are spending precious time groveling for carbon-offset funded subsidies and other government handouts, instead of pursuing innovations that win competitively in the free market.

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