Category Archives: Economics

The Climate Abolitionists

Chris Hayes is going down a dangerous road:

“It’s a bit tricky to put an exact price tag on how much money all that unexcavated carbon would be worth, but one financial analyst puts the price at somewhere in the ballpark of $20 trillion,” Hayes writes. “So in order to preserve a roughly habitable planet, we somehow need to convince or coerce the world’s most profitable corporations and the nations that partner with them to walk away from $20 trillion of wealth.”

Note the phrase: “convince or coerce.” If persuasion were to fail, coercion — presumably by the federal government or some very, very powerful entity — could be pretty rough. Certainly by writing that the “climate justice movement” should be known as the “new abolitionism,” Hayes makes an uneasy comparison to a 19th century conflict over slavery that was settled only by a huge and costly war — a real war, not a metaphorical one. Is that how environmentalists plan to save the planet from warming?

They have to destroy humanity to save the planet.

The Pacific Salmon Are Back

…and of course, the environmentalists hate it:

The point deserves emphasis. The advent of higher carbon dioxide levels in the atmosphere has been a great boon for the terrestrial biosphere, accelerating the rate of growth of both wild and domestic plants and thereby expanding the food base supporting humans and land animals of every type. Ignoring this, the carbophobes point to the ocean instead, saying that increased levels of carbon dioxide not exploited by biology could lead to acidification. By making the currently barren oceans fertile, however, mariculture would transform this putative problem into an extraordinary opportunity.

Which is precisely why those demanding restraints on carbon emissions and restrictions on fisheries hate mariculture. They hate it for the same reason those demanding constraints in the name of allegedly limited energy resources hate nuclear power. They hate it because it solves a problem they need unsolved.

I hope this means a lot of cheap fresh wild salmon in the stores this summer.

Base Camps

Derek Webber writes that in order to advance into the solar system NASA needs to take some lessons from Everest climbers.

Not to mention be willing to lose folks occasionally.

[Update a few minutes later]

Jeff Foust notes that there seems to be an emerging consensus that Mars is the goal, though none on how to do it.

Meanwhile, John Strickland says we need an integrated approach, with robots and humans. to get to Mars. He seems to be focusing on Mars surface water, though. I think we need to trade that with manufacturing propellants at Phobos or Deimos.

My take, as always, is that destinations are less important than capabilities. Put an off-planet space-transportation infrastructure in place, and the entire solar system (including Europa and Enceladus) is opened up to us. But Congress would rather build big rockets.

The Middle Class

Stop favoring speculators and investors over them.

That applies to both parties. The Republicans could make this an electorally popular strategy, but too many of their donors would object.

I would note, though, that if you’re going to tax capital gains more, you need to provide a way to factor out inflation, because a devaluation of the currency doesn’t provide a true capital “gain.”

3-D Printed Guns

Should we be afraid of them?

…should we be afraid to live in a world where anyone can afford the equipment to manufacture a gun in his or her basement? I hope not—because that’s the world we live in now. Guns are comparatively simple devices. In fact, plenty of custom firearms are manufactured today using equipment that wouldn’t be out of place in a basement. Just as the sets of “plastic guns” and “3D-printed guns” are not identical, the sets of “3D-printed guns” and “homemade guns” are not identical. At the moment, virtually every homemade gun is constructed using some technology other than 3D printing.

Yes, as with most hoplophobia, this is silly.

Climate Change

What we don’t know:

We shouldn’t worry, we should just accept that this will happen and we should adapt to it and regard it as a business opportunity.

Its arrogant to assume that climate will remain static.

The whole language of climate change is designed to confuse the public and policy makers

Bob Carter says the IPCC has accomplished the inversion of the null hypothesis, where the onus is now on disproving dangerous anthropogenic climate change

We should focus on protecting people from natural hazards, and not worrying about what is causing them

It makes sense to encourage alternative energy and see what happens.

Bob Carter closed with this: no scientist can tell you whether it will be warmer or cooler in 2020, so we should prepare for both.

Yes. We don’t know much more than we do know.

And as she notes, the people speaking sensibly are independent or retired, not those receiving government funding.