Building a crony capitalist society
Feb 23, 2015
Bishop Hill in Energy: other, Greens

A few days ago I noted the comments of the UNFCCC's Christiana Figueres about the UN's desire to transform the basis of daily economic life:

This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for the, at least, 150 years, since the industrial revolution.

I couldn't help but think of this when considering a couple of developments on the underground coal gasification front over the weekend. Firstly was the news that a successful UCG pilot plant in Queensland is to be closed down after legislators decided that they didn't want to deal with the flak from environmentalists. The second is the vigorous attempts by greens to prevent UCG getting off the ground in Scotland, with enormous pressure being applied to Holyrood politicians to slam on the brakes.

This is very much a transformation of the economic development model that has been reigning for 150 years. For most of that time, if you wanted to start a new industrial business you started it. Now it is necessary to suck up to politicians and to buy off the environmentalists first. Free markets are replaced by crony capitalism and protection rackets.

You can see why UN bureaucrats would be in favour.

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