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Carbophobic socialism rules OK!


Unsurprisingly, the latest missive from the Doomsday cult of tax-exempt Phyllakes plays up the supposed horrors of ‘climate change' for all it's worth, before strongly recommending that we ‘Rich' people bear most of the costs of their megalomania, neatly employing a weepy-eyed catchphrase - "Human Solidarity in a Divided World" which they know will appeal to anti-capitalist journos, to the MTV generation muddle-heads, the celebrity serial child-adopters, and the billionaire rock-star income-levellers among us.Most risibly of all, the piece tries to sweeten the pill (for political entrepreneurs among the carbon trading and subsidised energy crowd, at least) with an appeal to the putative "Keynesian and Schumpeterian mechanisms" which, we are told, promise "new incentives for massive investment, stimulating overall demand and creative destruction leading to innovation and productivity jumps in a wide array of sectors [sic]". 

In a previous post to the mail list, I pointed out that this latter is a key part of the spurious economic justification being advanced for 'taking action now'. The specious idea is that, in the struggle to overcome the artificial barriers erected by the Ultraviridians to human endeavour, we will all thrive simply as a result of trying to restore our living standards to the level they were at before the Planners imperiously reduced them... it's as if the 100m sprint could be improved by shackling the contestants' legs together before the off!

Al Gore, Vinod Khosla, and the biofuel bandits might reap enormous rents out of this... and, of course, an army of bureaucrats will find employment for life, monitoring compliance and distributing doles - but the rest of us are likely to rue the day we ever allowed the Five Star Fabians to conflate being kind to cuddly animals with their Collectivist wish to restrict individual freedoms and to trample on property rights.

Sean Corrigan is the author of 'Money, Macro & Markets' newsletter & Consultant to Hinde Capital.

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