Tag Archive for pollution

Linkage: Peak Oil, Symbolic Wealth, Class War, Externalities

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I’ve been very busy lately and thus haven’t been able to post even links to all the terrific stuff I’ve been reading. I’m trying to use Twitter and Google+ a little more to share links to stories, but as usual the temptation to comment somewhat substantively is very hard to resist. I hope you find some of these interesting!

Getting Sober on Peak Oil

I think a lot of folks on both sides of the the debate over the concept of peak oil are drunk with ideologism. So I really appreciate, and essentially agree with, James Hamilton’s sober take.

‘Symbolic Wealth’

I’m not a fan of the style of Charles Hugh Smith’s blog; I think his peculiar presentation — in design and rhetoric — undermines his credibility. But I can’t help agreeing with him a significant portion of the time. Here he exposes the fallacy of wealth and equity as it corresponds to the real world. Nothing groundbreaking, but if you’re new to economic philosophy, this is something a lot of PhD economists can’t seem to grasp… yetI bet you’ll get it intuitively.

No War Like Class War

Richard D. Wolff drops knowledge on the history of class conflict and consciousness in America. It ain’t what’s being presented in recent debates.

Republicans claim, in Orwellian fashion, that Obama’s millionaire tax is ‘class war’. The reality is that the super-rich won the war.

Pollute for America?

Karl Smith over at Modeled Behavior makes a case that we need to suck it up and get polluting if we hope to escape our economic woes to the extent they’re driven by low cheap-energy supply. I read a lot of economists from across the spectrum, and I appreciate those who acknowledge climate change and resource limits as scientific truths, even if they conclude we shouldn’t worry so much in the short term.

Now in the long run something has to be done, if for no other reason than fossil fuels are not forever. In the short run there are many who are concerned about pollution, both C02 and the groundwater pollution from new fracking techniques.

I do not argue that these aren’t serious concerns. I do not dispute the science of global warming or the clear evidence of burning water, from natural gas contamination.

However, there are things worse the pollution and we have them. We should take steps to mitigate the harm but our first duty should be to relieve suffering now where we can and lay the foundation for recovery in the immediate future.

I disagree completely, but it’s interesting. Karl incidentally does not show his math (seems to avoid it, in fact) in terms of demonstrating why he thinks opening protected reserves can affect the market.

Food Inc. Strikes Back

Agribusiness giants are fighting back against the Michael Pollans and Food, Incs of the new food movement. Food advocate Anna Lappé expplains why we definitely do not want the new U.S. Farmers & Ranchers Alliance influencing food policy debate in America. (And why you can count on them doing just that.)

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The Genius of the Market

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It's pretty amazing that our society has reached a point where [the effort necessary to manufacture a plastic spoon] is considered easier than just washing a spoon when we're done with it.

Not to mention the externalities (air pollution, ground water pollution, ocean pollution, greenhouse gas emissions, etc.).

Or, consider the opportunity costs. What could we be making instead? Perhaps a product that does not have a superior substitute that is already in abundance if not massive surplus (you know, metal silverware).

Or, what would be the net leisure impact of not making disposable plasticware and freeing up all those work hours and resources? I know, you say you don’t work in the disposable utensils industry, so how would there be a net gain for you? And if you did work at a plastic spoon factory, you wouldn’t want the kind of leisure time associated with being laid off. And what about waste reduction — don’t I care about sanitation workers losing their jobs if we dispose of less shit?

And therein lies a key problem with capitalism: instead of socializing the opportunities of decreased consumption, it turns them into liabilities and institutionalizes excess and waste.

Graphic by Max Temkin. Print available here. Via Geoffrey Grabowsky Google+.

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