Excellent piece - "The Climate Industrial Complex" - in the WSJ today. Bjorn Lomborg points out the unholy alliance between corporate rent-seekers and green activists:
Some business leaders are cozying up with politicians and scientists to demand swift, drastic action on global warming. This is a new twist on a very old practice: companies using public policy to line their own pockets.
The tight relationship between the groups echoes the relationship among weapons makers, researchers and the U.S. military during the Cold War. President Dwight Eisenhower famously warned about the might of the "military-industrial complex," cautioning that "the potential for the disastrous rise of misplaced power exists and will persist." He worried that "there is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties."
This is certainly true of climate change. We are told that very expensive carbon regulations are the only way to respond to global warming, despite ample evidence that this approach does not pass a basic cost-benefit test. We must ask whether a "climate-industrial complex" is emerging, pressing taxpayers to fork over money to please those who stand to gain.
Bootleggers and Baptists, of course. (Bruce Yandle sees this coming as far back as 1998). Public choice theory may finally be getting a hearing in the public forum. Let's hope so. Because now the left can't decide whether it wants to be socialist or merchantilist. My money goes on crony capitalism.