Extremely Benign Neglect

Don Boudreaux says that we need to ignore global warming:

Those of us who recognize these important benefits of capitalism — those of us who understand that capitalism’s true greatness lies not (as many critics insinuate) in producing oceans of pointless trinkets and baubles but in making the lives of ordinary people richer and fuller and longer — are reluctant to yield power to governments to tackle global warming. We worry that this power will kill the goose that’s laying this golden egg.

If you think that such a worry is exaggerated, recall the language Al Gore used in his book “Earth in the Balance.” The former Vice President asserted that we are suffering an “environmental crisis” that can be avoided only if we “drastically change our civilization and our way of thinking.”

“Drastically change our civilization.” Hmmm. This sounds like a call to significantly scale back markets, trade and industrial activities in order to lessen humankind’s “footprint” on the Earth and its environment. We can, no doubt, make our environmental footprint smaller — but how great a benefit will this achievement be if it returns us to the ages-old condition of high mortality and morbidity?

I wasn’t sure whether to file this under “Science And Society,” or “Economics.” Had to go with the latter (particularly since so much of the global warming debate is entirely devoid of this topic).