Archive for the ‘rockwell’ Category

Question at Bob Murphy`s: can ending a tragedy of the commons create jobs / enhance wealth?

May 22nd, 2009 5 comments

Check out the comments to Bob Murphy`s post that rightly but shallowly criticizes the “green jobs” mantra, EDF Summarizes Bastiat in One Picture.  I refer to Rockwell and Block.

Categories: Block, Bob Murphy, commons, rockwell Tags:

WSJ on "green" power: Us Grinches HATE Green indoctrination! We also don`t like consumer choice and free markets!

December 30th, 2008 No comments

A post on the Wall Street Journal`s enviro blog, Environmental Capital, reports on one disgruntled reaction to a recent school play called “Santa Goes Green”, and reports on a new children`s book (and website) by the same name.

The post closes with the sarcastic note, “No word yet on what kind of electricity is powering the web site’s servers. “

One wonders if the WSJ has heard of consumer choice or free markets (and is in favor of supporting either), since it doesn`t even raise the issue of parental/consumer preferences, which underlie the subject of the post.  Those who oppose the message of the book can peruse it and simply refuse to buy it for their child if they wish.  Similar principles apply to their child`s school play: they have some ability to object, although the degree of influence they may have may depend on whether the school is public or private.  Surely this would be an interesting point worth having readers think about.

Finally, of course, there is the final note of sarcasm – why does it not occur to the author to consider the legitimacy of consumer preferences for “green” power, and the difficulties that consumers face, in a regulated power market, for buying electricity sourced (and priced) the way they wish?  As Lew Rockwell points out, with truly free electricity markets, people would be able to put their money where their preference lie.   This is exactly the “Smart Grid” market that Google and GE have recently been targetting.

Why is the WSJ uninterested in discussing free markets, much less making the point that “green” consumers ought to be fans of free and competitive electricity markets?  So much easier to diss others` preferences, than to consider how to make allies for the free markets that would better allow all to satisfy their own preferences!