22 October 2015, Ralph Nader, The Downsides of Cheap Abundance. In college, Economics 101 is often described as the social science discipline that deals with the production, distribution and consumption of goods and services. MIT Economist Paul Samuelson liked to focus on scarcity, or more specifically, the allocation of scarce resources. “Abundance” was always a pretty word with an idyllic connotation for Professor Samuelson. I often wonder why there weren’t a few classes about the real-life consequences of abundance, along with scarcity and people’s material welfare. The present generation of internet technology is a proper subject of study within an economic framework. It might help us understand what is happening to our society. Let’s start with today’s highly-touted information age. At our finger-tips is the greatest free trove of information in human history. We can get it quickly and efficiently. Are we more informed? Are we hungry for more information? Do we read more books in an era of record production of books? Do we know more about what our congressional and state legislators are about? Are we more knowledgeable about history and its lessons? Read More here
18 September 2015, The Guardian, Is new Australian prime minister Malcolm Turnbull already a climate change turncoat? Malcolm Turnbull once endorsed common sense positions on climate change. Then he became prime minister. During the first few days of being prime minister, Malcolm Turnbull seems to be doing his best to argue about climate change with a former version of himself. I know I might have already given the game away here, but who do you think said this only five years ago? “We are as humans conducting a massive science experiment with this planet. It’s the only planet we’ve got…. We know that the consequences of unchecked global warming would be catastrophic. We know that extreme weather events are occurring with greater and greater frequency and while it is never possible to point to one drought or one storm or one flood and say that particular incident is caused by global warming, we know that these trends are entirely consistent with the climate change forecasts with the climate models that the scientists are relying on…. We as a human species have a deep and abiding obligation to this planet and to the generations that will come after us.” Stirring stuff eh? That was Turnbull in August 2010, speaking at the launch of a report demonstrating the technical feasibility of moving Australia to a 100% renewable energy nation. During his first question time as PM earlier this week, Turnbull was asked if he would join Labor in its aspiration (and that’s about the extent of Labor’s policy on this right now) that Australia should be generating 50% of its electricity from renewables by 2030. Turnbull’s response? “[Opposition leader Bill Shorten] is highlighting one of the most reckless proposals the Labor party has made. Fancy proposing, without any idea of the cost of the abatement, the cost of proposing that 50% of energy had to come from renewables! What if that reduction in emissions you needed could come more cost-effectively from carbon storage, by planting trees, by soil carbon, by using gas, by using clean coal, by energy efficiency?” What did the Turnbull of 2010 make of a plan to move away from fossil fuels that was twice as ambitious as Labor’s, that actually explained how it could be done and that proposed doing it faster? Read More here