
JohnnyBimmer
says
Britians low intelligence, low standards of living, future
What Government crone/troll Ms. Kings 'Low Carbon Furture' plan fails/omits/avoids to mention (or calculate) is that it will also lead to low energy and living standards for every man, woman and child in Britain. One should note that the green movement and green politicians are completely contemptuous of the wellbeing and lives of others. One of the craziest arguments for cutting CO2 emissions is that the policy would promote jobs and clean economic growth by investing in alternative energy sources. Anatole Kaletsky, an economics writer for the London Times, is an excellent example of this Keynesian idiocy. This so-called economist argued that that severely restricting CO2 emissions would stimulate economic growth and employment because they would, now this is a good one, “have the effect on the world economy comparable to a large-scale war”. (Digging beneath the gloom, Rupert Murdoch’s Australian 29 November 2000). What lunacy: war and destruction bring prosperity, peace brings stagnation. In case anyone thinks this nonsense is held only by ignorant journalists allow me to point out that in his New York Times 14 September column 2001 the eminent economist Paul Krugman made the same claim about the 9/11 atrocity. Fred Bergsten, who runs the Institute for International Economics in Washington, is another 'economist' who thinks bombing our cities is a great way to raise living standards. According to this genius and former assistant secretary of the US Treasury the tsunami tragedy was a good thing for its victims, at least those that survived it, because: "Like any disaster, you get negative effects through destroying existing properties and people’s health, but you do get a burst of new economic activity to replace them, and, on balance, that generally turns out to be quite positive." Destruction = Prosperity. These guys are genius!! A competent (sane) economist will readily admit that when capital goods are destroyed by war living standards must fall. Basically there are only three sources from which producer goods can come: a) Existing capital goods must be withdrawn from other lines of production, thus lowering output there, or b) savings must increase which also means a further fall in consumption, or c) capital goods must be imported. Economic growth basically means capital accumulation. Capital comes out of savings which in turn comes from forgone consumption. In other words, to save means to give up some present consumption in favour of greater future consumption. If the likes Bergsten, Kaletsky and Krugman are right it would pay a country to thoroughly wreck its factories, offices, transport systems and even housing stock every few years. In his defence of a destructive carbon tax John Humphreys argues that the best way to encourage the growth of "alternative energies" is to "put a price on carbon". The market will respond by discovering "new energy sources". (Exploring a Carbon Tax for Australia, Centre for Independent Studies, 2007).
The fallacy here should be obvious:
Taxes do not result from a market process, nor do they reflect allocation decisions of resource owners . . . In other words, taxation is a method of intervening, not an alternative to intervention or nonmarket allocation. (O'Driscoll and Rizzo, cited in Efficiency and Externalities in an Open-Ended Universe, Ludwig von Mises Institute, 2007, p. 13). Moreover, so-called alternative energy sources would savage our living standards. Callous European bureaucrats and politicians have taken the carbon tax to its logical conclusion and are now planning to "reduce the carbon footprints" of human beings by imposing what they call "global warming tariffs". This would be a direct attack on developing nations prosperity. Carbon tax as an outrageous tax on energy consumption that would drastically slash living standards if implemented. The notorious Professor Paul Ehrlich made this clear when he stated: "Giving society cheap, abundant energy... would be the
30 March 2008 16:24