Friday, October 25, 2024

Economists

This quote from the director of Trump's National Economic Council says it all: "There is no faster way to deliver benefits across the board than lower energy prices. The forced scarcity of the Green New Deal, one of the great policy blunders in modern history, should be replaced with an “all of the above” approach to domestic energy supply. The benefits will be felt at the pump, in heating bills, at the grocery checkout and in every small business." Despite decades of international climate conferences and hundreds of scientific reports, mainstream economists still dismiss externalities and consider impacts to the ecosystem totally irrelevant. In this case he is 100% correct about short-term "benefits" while ignoring the inevitable catastrophe. Like most Americans, this particular economist is willing to write off future generations to preserve political power and the treats that go along with it. Despite all the warnings. For capitalists, any limit to growth is considered "forced scarcity" and must be overcome. Even if it is physics. But of course physics cannot be overcome. This is why physics is ignored, dismissed, pretended away or disavowed. For capitalist economists, there can be no relinquishment or even reduction, it is all grow, grow, grow. More, more, more. "All of the above". Keep the train speeding toward the cliff, keep the people lobotomized with consumer "benefits", keep your party in power. What can possibly go wrong?

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