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Old 11-20-2007, 08:43 PM
xorbie xorbie is offline
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Join Date: Jan 2005
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Default Re: Weather Channel Founder says\"Global Warming is Biggest Scam in His


People who are concerned about generating greenhouse gases are talking steps to reduce. If enough people think it is a problem green house gases will be reduced.

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Do you at least accept the fact that there might be bad results? Unlike the market, the laws of nature don't really respond to individidual preferences.

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Decisons in life are not made with certainty by anything or anyone. There are probabilities and estimates of costs and benefits. Nature and humans are in a constant state of adjustment to maximize utility. To have one person or a small group decide for the good of all when it comes to allocating resources does not seem to be as good as a market based solution. With a market based solution adjustments are constantly made to new information.

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You keep repeating this. Do you accept that some people know these probabilities and risks better than others? Do you accept that allowing the masses (who are uninformed, short sighted and greedy) to make decsions that affect everyone (including those who are more informed, doing the "right" thing) is a bit "unfair"?

You say that the market responds to new information, but there is always a large lag. In the case of environmental damage, this lag may be sufficient to move things into the "too late" case. Your faith in the market borders on religious faith.
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