Thursday, March 20, 2008

The Global Warming Bubble

Here.

Excerpt:
The audience -- a sold-out crowd of hundreds who had to apply to be admitted and pay a $3,500 fee -- consisted of representatives of the myriad businesses that seek to make a financial killing from climate alarmism. There were representatives of the solar, wind, and biofuel industries that profit from taxpayer mandates and subsidies, representatives from financial services companies that want to trade permits to emit CO2, and public relations and strategic consultants to all of the above.

We libertarians would call such an event a rent-seekers ball -- the vast majority of the audience was there to plot how they could lock-in profits from government mandates on taxpayers and consumers.

It was an amazing collection of pseudo-entrepreneurs who were absolutely impervious to the scientific and economic facts that ought to deflate the global warming bubble.

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