“We created a way of raising standards of living that we can’t possibly pass on to our children. It has to collapse, unless adults stand up and say, ‘This is a Ponzi scheme. We have not generated real wealth, and we are destroying a livable climate.’”
– Joe Romm, quoted in Thomas Friedman, Is the Inflection Point Near?, New York Times, March 7, 2009.
“Is there any more single-minded, simple pleasure than viewing with alarm? At times it is even better than sex.”
—Kenneth Boulding (1970), p. 160. [1]
Are free-market optimists the dumb ones who jump off tall buildings and report that everything is fine, even breezy, on the way down? Or are those who fear, rant, and make this analogy bungee-jumping with reality?
The optimists have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798–and not hitting the ground.…
“While energy is needed to fuel a modern society, government should not be subsidizing any particular form of energy. We oppose all government control of energy pricing, allocation, and production.”
– Libertarian Party Platform (2012)
While Romney/Ryan haven taken a lead in many polls over Obama/Biden, Libertarian presidential candidate Gary Johnson is polling well ahead of Green Party candidate Jill Stein for third place. If you add the Libertarians to the Republicans, the majority widens against the Democrats and Greens. Greater economic and energy freedom anyone?
Today’s post examines the Libertarian Party platform on economic liberty, energy, and the environment. Next week, the Green Party’s Green New Deal will be studied.
The LP platform begins with this statement on economic liberty:
…Libertarians want all members of society to have abundant opportunities to achieve economic success.
The Heritage Foundation (founded 1980) is a think-tank leader in the current debate over energy policy and related environmental issues. Heritage’s energy worldview is stated at their website:
Energy and environmental policy is a national priority. Lawmakers should implement a long-term plan that allows free markets to balance supply and demand, ensures reliable and competitively priced energy for the future, and creates incentives for responsible stewardship of the nation’s resources and environment.
A recent report, “President Obama’s Taxpayer-Based Green Energy Failures,” lists 34 examples of “faltering or bankrupt green-energy companies” (with * denoting companies that have filed for bankruptcy). The at-risk total is approximately $7.5 billion, of which $1.6 billion is in receivership.
The numbers will only get higher. Yesterday, it was reported that the Solyndra loss could be $849 million (not $535 million).…