Ten years ago this month, a landmark book was published that put neo-Malthusianism on the defensive. The unvarnished facts were there to weaken doom-and-gloom prognostications, but it took a rare individual named Julian Simon (1932–1998) ) to uncover the anomalies and present them in integrated and compelling form–and to win the most famous wager in the history of economics!
Then came a young Dane named Bjørn Lomborg set out to refute Simon but instead rediscovered the bogey of fixed-pie, depletionist thinking. This audacious 36-year-old also found that whether the result was of market progress or regulation, virtually all environmental indicators were trending positively, not negatively. Lomborg could agree with the title of Simon’s last major public address, “More People, Greater Wealth, Expanded Resources, Cleaner Environment.”
A Heated Debate
And then, with the debate joined, came a slew of establishment neo-Malthusians, led by John Holdren, now Obama’s science advisor, who got emotional and nit-picked.…
Previous posts at MasterResource have been critical of the energy-related positions of the U.S. Chamber of Commerce, such as The U.S. Chamber’s Energy Security Index: Where’s the Definition? by Robert Michaels and Dear U.S. Chamber of Commerce: Why Attempt to Resuscitate a Brain Dead Climate Bill? by yours truly.
The Chamber, in fact, was waxed and waned for and against the free-and-neutral market for virtually its whole existence. Such is life in political capitalism where special government favor is sought and received by business.
John T. Flynn’s 1928 essay, “Business and the Government” (Harper’s Monthly Magazine), criticized the Chamber motto More Business in Government and Less Government in Business as “sloganeering.”
Flynn noted that new laws were coming far less from the imaginations of legislators as from “the legislative program committees of trade associations or from the special counsel of trade groups … backed often by resolutions from trade conventions and chambers of commerce.”…
“He has been a stalwart in defense of wind energy in this state — no question about it.”
– Paul Sadler, executive director of the Wind Coalition, quoted in Kate Galbraith, “As Governor, Perry Backed Wind, Gas and Coal,” New York Times, August 21, 2011, p. 21A.
Texas curtailed electricity customers this Wednesday in the face of abnormally high temperatures and insufficient capacity. And as is to be expected this time of year, windpower is producing at its yearly lows–on Wednesday, about 9 percent of capacity (880 MW out of nearly 10,000 MW capacity), down from 18 percent earlier in the week.
As Texas revs up mothballed plants, one can only imagine how much state-of-the-art, high-utilization capacity the state could have ‘bought’ instead of wind power, which produces most of its juice when it is not needed.…