« Links for 5-12-14 | Main | 'NAFTA Turns 20' »

Monday, May 12, 2014

Paul Krugman: Crazy Climate Economics

Can you guess how conservatives will react if the EPA announces rules to combat climate change?:

Crazy Climate Economics, by Paul Krugman, Commentary, NY Times: Everywhere you look these days, you see Marxism on the rise. Well, O.K., maybe you don’t — but conservatives do. If you so much as mention income inequality, you’ll be denounced as the second coming of Joseph Stalin; Rick Santorum has declared that any use of the word “class” is “Marxism talk.” ...George Will says the only reason progressives favor trains is their goal of “diminishing Americans’ individualism in order to make them more amenable to collectivism.”
So it goes without saying that Obamacare, based on ideas originally developed at the Heritage Foundation, is a Marxist scheme... And just wait until the Environmental Protection Agency announces rules intended to slow the pace of climate change. ...
You can already get a taste of what’s coming in the ... recent Supreme Court ruling on power-plant pollution. ... Justice Scalia didn’t just dissent; he suggested that the E.P.A.’s proposed rule ... reflected the Marxist concept of “from each according to his ability.” ...
And you can just imagine what will happen when the E.P.A ... moves on to regulation of greenhouse gas emissions. ...
First, we’ll see any effort to limit pollution denounced as a tyrannical act. Pollution wasn’t always a deeply partisan issue... John McCain made ... cap-and-trade limits on greenhouse gases part of his presidential campaign. But when House Democrats actually passed a cap-and-trade bill in 2009, it was attacked as, you guessed it, Marxist. ...
Second, we’ll see claims that any effort to limit emissions will have ... “a devastating impact on our economy.” ... Now, the rules the E.P.A. is likely to impose won’t give the private sector as much flexibility as it would have had in dealing with an economywide carbon cap or emissions tax. But Republicans have only themselves to blame: Their scorched-earth opposition to any kind of climate policy has left executive action by the White House as the only route forward. ...
What about the argument that unilateral U.S. action won’t work...? ... U.S. action on climate is a necessary first step toward a broader international agreement, which will surely include sanctions on countries that don’t participate.
So the coming firestorm over new power-plant regulations won’t be a genuine debate... Instead, the airwaves will be filled with conspiracy theories and wild claims about costs, all of which should be ignored. Climate policy may finally be getting somewhere; let’s not let crazy climate economics get in the way.

    Posted by on Monday, May 12, 2014 at 12:24 AM in Economics, Environment, Politics | Permalink  Comments (70)

          


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.