Category: Climate Change

Mixed Signals

How do we know when recycling is “good” vs just “feel good”? If money is offered or it’s something best not released into the environment are two key indicators. Sometimes those two things coincide as in the case of lead acid batteries. Recycling these batteries creates a “double-whammy” effect: you make money and protect the environment! Who could object to that? The EPA apparently. Read on.

April 26 / 2016

Market Failure: Revenge of the Commons?

So, we define the market as that system containing everything that is (apparently) part of the market. However, the counterargument here would be that things outside of the market system, unlike the pot and flame, do effect what is in the system. That is, the “commons” outside of the market (into which things may be dumped or extracted) apparently play a role. To the extent such commons are artificial in nature (“public” spaces) and thus through state coercion the market’s efforts to allocate and economize those resources via private property are frustrated, we cannot say then that any abuse of such spaces is a market failure. The state itself is setting up the very situation that opens them up to abuse. The state is not part of the market. The market is peaceful voluntary trade where both parties “win”; the state is violent involuntary trade where one side wins and one side loses.

Market Failure is not an option, it’s not even possible

Proponents of state intervention in markets (managed markets) unfailingly assert the legitimacy of their stance by pointing to “market failure.” Yes, yes, they admit, markets are great at delivering goods and services to people, but, sometimes they inexplicably fail and this consequently requires men with guns (the state) to “fix” them. To put it simply, market failure is a myth. There is a failure however, not of the market, but of their own ability to comprehend the complexities of a natural system whose chaos is brought to order through feedback.

Appeals for regulation by some central authority are predicated on the ideal of “fairness” in ensuring that all who use some resource pay for such use. In other words, if one perceives even the possibility of “free riding” with regard to some economic good then this is all the excuse needed to bring in men with guns to ensure all pay their “fair share.” Free riding is the quintessential example of market failure. Now, as they say, time to bust that myth.

Under the Hood

In other words, there are costs associated with everything. If it were up to the individual to decide for him or herself how much more safety risk they are willing take relative to increased fuel economy that would be one thing. However it is quite a different story when the choice is taken away and there is only one option allowed for all. That is what government is: the removal of choice. Bureaucrats decide on the “best” route and make all other options illegal. The same removal of choice is now happening with these automatic start/stop systems. Starting with model year 2016 they are becoming more and more prevalent. Why is this? Because of government fuel economy standards like CAFE (or it’s European equivalent) mandate FLEET wide averages. Therefore the ability by the automaker to extract even a few small percent increase in fuel efficiency multiplied by a fleet of thousands or millions of vehicles helps them meet those standards and avoid possibly millions of dollars in fines.

Backdoors

And what has this wrought us? Gas cans that don’t pour, toilets that don’t flush, showers that dribble water, light bulbs that either cost a days pay or require a hazmat unit if they break, and hot water that isn’t – we are moving backwards as a society… So perhaps someday we’ll regale our grandchildren with wild tales of machines that used to wash dishes for us. And as they stare at us in wonderment, we will begin the tedious task of washing the dinnerware by hand – just as our great-grandparents did – except we’ll only be permitted the use of cold water. Hot water is way too damaging to the environment, what with all the energy it uses. Ah, yes, progress.

October 19 / 2015
January 17 / 2015
Author Greg Morin
Category Climate Change
Comments No Comments

Debate Over?

Proponents of AGW (Anthropogenic Global Warming aka human caused climate change) are getting a bit nervous. A number of recent polls suggest they are beginning to lose the battle for the hearts and minds of the public. Granted, still about half of Americans believe in AGW, but that number is declining. So how do the […]

April 07 / 2014
Author Greg Morin
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