FREE MARKETS FANATICS CRASH AND BURN.

AMERICAN ECONOMISTS AS UNIVERSAL MECHANICS:

Doctor Paul Krugman suddenly shows his true colors, from back when he was an adviser of Ronald Reagan, before he played progressive in the media, for his greater glory.

He writes in his blog, July 21, 2009: “The solution to climate change must rely... on market mechanisms — it’s too complex an issue to deal with using command-and-control. ”

Really? Another complex issue is air traffic control, which, thus, according to the good Dr. Krugman, "must rely on market mechanisms". Goldman Sachs could sell the right to land first to who will pay more in the instant. Then if someone pays even more, they could sell the right to land first to that one instead. And so on. Then they could sell bets on who will crash first.

No doubt, pretty soon, air travel would experience a final solution to the problem of its existence. Most planes having crashed, there would be no more carbon emission that way. The air travel industry would follow the American society into the ground. Or even below, where Pluto is located.
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Patrice Ayme
http://patriceayme.wordpress.com/

P/S 1: Of course high fossil fuel taxes is the way to conserve and force efficiencies. A carbon tax is the way to fix, worldwide the worst proble of globalization, which is that it gave ways for plutocracy to turn around legislation.

[P/S 2: The central argument above is too critical of the market concept as panacea, so the New York Times refused to publish it, pursuing a pattern of avoiding to publish my deepest critiques against the present economic system (they systematically refused to publish my observations about the private fractional reserve banking system, for example)...]