Advice on how to run our economies from the last people who would know

An organisation made up of third world tyrannies wishes to teach the rest of us how to run our economies. A couple of examples.

From Scientists Warn the UN of Capitalism’s Imminent Demise

Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN Secretary-General. The main reason? We’re transitioning rapidly to a radically different global economy, due to our increasingly unsustainable exploitation of the planet’s environmental resources.

Climate change and species extinctions are accelerating even as societies are experiencing rising inequalityunemploymentslow economic growthrising debt levels, and impotent governments. Contrary to the way policymakers usually think about these problems, the new report says that these are not really separate crises at all.

Rather, these crises are part of the same fundamental transition to a new era characterized by inefficient fossil fuel production and the escalating costs of climate change. Conventional capitalist economic thinking can no longer explain, predict, or solve the workings of the global economy in this new age, the paper says.

And then this from David Archibald: Stop The Climate Stupidity wherein we find:

You should read David’s article right through to savour just how mad you would have to be to follow the UN’s lead. And how could we leave this out from just today?

CHICAGO’S DEEPEST FREEZE
COLDEST IN LIFETIME!
MIDWEST FEELS LIKE -75°
CHILL MAP

A reminder of what we are up against

First this, since this is the existential threat to our entire Western Civilisation, spelled out as clearly as could be said: Merkel: “Nation states must today be prepared to give up their sovereignty”.

This is what German Chancellor Angela Merkel told attendants at an event by the Konrad Adenauer Foundation in Berlin on Wednesday.

“In an orderly fashion of course,” Merkel went on to say. She even went so far as to condemn those in her own Christian Democratic Union (CDU) party who think Germany should withdraw from the controversial UN migration pact [as Australia has done]:

“There were [politicians]who believed that they could decide when these agreements are no longer valid because they are representing The People”.

And that is what they say in public.

And then there is this from Powerline which comes under the heading: Progressives are Crazy, which is more than evident

That is a proposition for which we see overwhelming evidence on a daily basis. For today, consider these two videos of progressives gone mad.

The first features, to all appearances, a man with long hair. But he goes insane in a game store when he considers himself to be “misgendered.” My favorite moment is when he threatens to “tell the entire LGBTQ community” about the horror he has experienced. PJMedia posted the Facebook video with a headline referring to ‘roid rage, which seems right. But do men take anabolic steroids when they transition? Not that I know of. The video has been viewed more than 9 million times so far:

The second video is another instance of progressive rage, although in this case the lefty doesn’t look like a steroid user. A guy goes into a vape shop wearing a MAGA hat, and the progressive clerk refuses to serve him. The customer gets out his phone and starts filming, which sends the clerk into a liberal rage against President Trump and free enterprise:

It would be a mistake, of course, to draw conclusions from just two data points. Nevertheless, I will hazard this observation: progressives are crazy.

Not to mention climate change [aka global warming]. This via Instapundit:

SNOWFALLS ARE JUST A THING OF THE PAST: How to Understand The Religion of Climate Change and Those Who Believe In The End Times.

Related: Absolutely Clueless: Meet the Press just devoted an entire hour to what Dems apparently think is the top issue for America.

And then there’s this from Nancy Pelosi but could just as easily have been our own Malcolm: ‘The Existential Threat of the Climate Crisis’ Threatens ‘The Whole of God’s Creation’.

“The American people have demanded action to combat the climate crisis, which threatens our public health, our economy, our national security and the whole of God’s creation. Together, we must protect public health by reducing air pollution, create jobs by making America preeminent in green technologies, defend our national security by preventing climate-driven instability and uphold our sacred moral responsibility to leave a healthy, sustainable future for generations to come.”

Nor finally can we leave out their wish to impose a socialist state on the rest of us, from Teen Vogue of all things: The Economic Crisis in Venezuela, Explained. I’m not sure it was explained, but at least it was described. But this is where they will take us if we let them.

There are lessons here for us

PARIS WORST RIOTS SINCE 60S
TAX REVOLT VIOLENT

 
That was Drudge; this is Instapundit.

MORE ON THE FRENCH RIOTS: “There are parallels between what is happening in France and almost every other developed country, including Canada, as comfortable urban elites seek to impose their climate change agenda on a broader population just struggling to pay its bills and earn an honest buck. No amount of hand-wringing over the fate of the planet, be it by the IPCC or by the likes of Ms. Binoche, is going to resonate with people who do not feel the elites have their interests at heart.”

Especially when they don’t. Also, an elite whose main theme is how morally superior it is to its countrymen is in a poor position to call for sacrifice.

How would it be if Labor abandoned the Paris Accords and then stopped the boats? Shorten would be Prime Minister for life. At least the Libs should try this out since they are already half way there on stopping the boats while everything else is a sure loser.

Why isn’t the party stacked with climate change deniers?

I have dwelt on the 45-40 party room tally when Malcolm was finally booted and have often wondered whether the score was actually: Skeptics 45 – Idiots and Buffoons 40.

In the light of all this, what am I to make of the following [cited and discussed at QoL]?

Cabinet Minister Kelly O’Dwyer has told colleagues the Liberals are widely regarded as “homophobic, anti-women, climate-change deniers” during a crisis meeting of federal Victorian MPs.

As far as the first two of the three go, I am in complete agreement with this:

Assistant Treasurer Stuart Robert, a Queensland Liberal MP, said he had seen no evidence the Liberal Party was homophobic, anti-women or stacked with climate-change deniers.

As for the third, Ms O’Dwyer and Mr Robert have precisely identified the problem. Why isn’t the party stacked with climate change deniers, that is, why isn’t it stacked with people with enough common sense to recognise idiocy when it is right before their eyes?

With this in mind, I want to see the list of the 40 who voted to keep Malcolm. Anyone know where it is?

A dark age coming

The headline story in The AFR today begins:

The federal government has slammed plans by business to go it alone on climate and energy policy but industry leaders are holding their ground and have the backing of Labor and the Greens.

It’s a new world out there.

Meanwhile, in the US: Is The Fed Trying To Tank The Trump Economy Before The Midterms? Want to breed uncertainty? Try this on for size:

Dallas Fed President Robert Kaplan said he still favors the central bank raising short-term interest rates three more times before deciding whether more increases will be necessary to keep the economy on an even keel.

This suggests the Federal Reserve should lift rates at its December, March and June policy meetings “unless something changes,” Mr. Kaplan said Tuesday in a Wall Street Journal interview.

Fed Chairman Jerome Powell said then that rates remain low enough to continue stimulating economic growth. But according to the Wall Street Journal other officials have expressed a range of views, and some uncertainty, about how high rates would have to go to reach a so-called neutral level that neither spurs nor slows growth.

A COMMENT ON RISING RATES: I have been asked about rising rates in the comments. And as I have said in the past, rates have been too low for too long which has lowered the productivity of our array of investments. The issue is not whether rates should rise – they should – but whether they should rise now immediately before an election. The effect on share markets was obvious enough. Front-page treatment of a falling market can move voter sentiment, specially the way it can be played on by the media. The Fed kept rates down throughout the Obama presidency and there was never any doubt it would push them up once PDT was elected. Optics is all, and even if the adjustments brought on by higher rates are positive for the economy, it may not look that way to anyone who is paying out more on their mortgages or small-business loans.

The most ignorant highly educated fools in history

This is from Campus Review: What Scott Morrison doesn’t get about most of the voting public. And what he doesn’t get is that they are ignorant fools. Here’s the text:

When now-Prime Minster Scott Morrison brought a lump of coal into parliament in 2017, pleading “don’t be afraid, don’t be scared, it won’t hurt you,” he made a critical error. That is, assuming he wants the Coalition to retain power at the next federal election.

That’s because to Generations X (b. 1961–81) and Y (b. 1981–96), which together comprise the largest segment of the voting public, combating climate change is their priority.

Australia’s generational spread, per 2016 Census data. Photo: ABC

This is a key finding of the University of Melbourne’s Life Patterns report, released this week.

The longitudinal study, which followed a cohort that left high school in 1991 and another that left in 2006, further revealed that although they both cared about minimising the use of coal, they did so for different reasons. Gen-Xers generally worried about their children’s health, whereas Gen-Yers tended to want to protect future generations.

Report co-author Dr Julia Cook, Research Fellow at the Melbourne Graduate School of Education, explained how the researchers reached this conclusion.

“In 2017, we asked participants to nominate the three most important issues facing Australia.

“One major issue unites both generations: concerns about the environment and climate change …

“… Both groups consistently expressed grave concerns about the general lack of action towards climate change mitigation from the current government.”

Among Gen-Xers (now aged 43-44), women were almost twice as likely to think this than men, yet among Gen-Yers (now aged 28-29), men predominantly held this view, albeit by a slim margin: 40 per cent compared to 34 per cent.

“We’re not going to have air to breathe soon,” a mother living in a country town said.

A father living in a rural area was equally alarmed: “Climate change could ruin their [his children’s] lives and our governments are not acting.”

The other issues the groups aired tended to reflect their respective life stages. For instance, Gen-Yers were concerned about jobs and housing affordability, while Gen-Xers were anxious about the cost of living and education – a worry potentially exacerbated by Scott Morrison’s independent and Catholic schools funding announcement on Thursday.

I actually think this is reasonably accurate. These people will bring on a collapse of our civilisation – their civilisation – and never know what happened. And then by some coincidence, this was in The Oz today: Labor’s mining of millennials’ envy is a cynical ploy that may work. There you find:

Labor’s delusion that government is better able to order economic affairs than markets has cost Australian taxpayers tens of billion dollars over the decade. Its legacy includes unplanned and unwanted school buildings, the National Broadband Network, an unreliable and expensive electricity system and debt that will pass to the next generation, and possibly the one after that.

Yet Labor is doubling down. Bill Shorten is campaigning on the party’s least diluted socialist platform since Gough Whitlam. He promises intrusive government, and more steeply progressive tax. He will re-regulate the Labor market and hand back more power to the unions.

He will attack private health insurance and penalise self-funded retirees. He will throw more money at public schools and public health under the pretence of improving services.

He will resume subsidies to wind and solar farms, bringing more pain to consumers.

Economic freedom fighters like Uber and Airbnb will face a torrid time. Labor’s addiction to regulate, combined with the trade union movement’s determination to keep every worker within their grasp, will bring down the curtains on the sharing and gig economies.

Which sums up to this:

Labor’s politics of envy has a subliminal appeal to millennials. Winding back negative gearing or capital gains concessions for investors appeals to their grievances, even though its effect will be to tighten the rental property market on which most of them depend.

Higher education on demand has inflated career expectations for some. A significant proportion find themselves employed in jobs for which they are over-qualified, on paper at least.

The Opposition Leader is relying on these voters to get him home.

Mis-educated by design, perhaps, but with no actual knowledge – both among the teachers and the taught – the tragic result.

So why are we the last to know?

There’s an old story I heard when I first came to Australia about how the original inhabitants of Tasmania had lost the art of fishing, so lived on an island surrounded by water but never ate the fish that swam in the oceans around them. So one day others may tell of a people who inhabited an island made out of coal but chose to drive their electricity using windmills while running water up hill. In this vein, let me draw the following to your attention, from The Wall Street Journal: Climate change is over. There at the start we find this:

No, I’m not saying the climate will not change in the future, or that human influence on the climate is negligible. I mean simply that climate change is no longer a pre-eminent policy issue. All that remains is boilerplate rhetoric from the political class, frivolous nuisance lawsuits, and bureaucratic mandates on behalf of special-interest renewable-energy rent seekers.

Judged by deeds rather than words, most national governments are backing away from forced-marched decarbonization. You can date the arc of climate change as a policy priority from 1988, when highly publicized congressional hearings first elevated the issue, to 2018. President Trump’s ostentatious withdrawal from the Paris Agreement merely ratified a trend long becoming evident.

This is a trillion-dollar issue, that if you get it wrong, will lower living standards by substantial amounts for a generation at least and potentially more. From the same kinds of people who brought you Venezuela, the climate change spectre has made some people rich, has made obscure academics in obscure corners of the world of research famous and wealthy, has scared no end of our citizens about some possible rising of the oceans and an over-heated planet fifty years into the future, but has not produced a single verifiable fact about the climate.

If no one else is shooting themselves in the foot, then why are we? It’s time to stop, and return to burning coal and start building nuclear power stations just like everyone else.

How to spot a climate crank at a 100 paces

climate cult

There are some cults you spot right away, such as the Hari Krishnas who are found on the footpath everywhere. And then there are the cults that spring up in the most surprising places, like the cult of global warming. This is a guest post at Watt’s Up with That: The ‘Cult’ of Climate Change (née Global Warming). There are lots of such cults which are forms of supposedly settled science whose only value is that they provide a carte blanche to government cronyism. They also provide for their adherents a feeling that they are in the know, and even when they are a majority, a belief that they have special insight into the actual way things are unavailable to others. There is not a subject area in which they are not found. The article gives you a means to spot them when they are associated with climate absolutism. This is how the article begins:

This is the opinion of Nobel Prize Winning Physicist Dr. Ivar Giaever , Prof. Richard Lindzen, and many others. Climate change alarmism has a surprising number of attributes of a medieval or even ancient religion. Nevertheless, real religions have some pre-requisites, like a tradition spanning at least few generations. So the proper name for climate alarmism is a cult. And these are the telltale attributes.

Now go read the rest.

What makes you think global warming types care about facts?

alan moran climate change the facts

I am happy to find that the facts are with the sceptics, but I wouldn’t be all that sure that the politics are as well. Tim Blair wrote a brief note the other day on He Continues to Believe, the he being Chris Bowen and the belief being climate change. Here’s the core:

Evidently enjoying his time in opposition and wishing to extend it, Labor’s Chris Bowen revives the carbon tax:

We continue to believe firstly that climate change is real.

Secondly, that it’s caused by humankind and thirdly, the best way of dealing with it is a price on carbon.

We continue to believe that, and that will be reflected in our detailed policy that we announce and seek a mandate to implement.

Really, Chris? A mandate for the carbon tax? That’ll be a first. Of course, this is less about saving the planet than it is about saving inner-city Labor seats from metastasising Greens. Look for Labor in coming elections to form an alliance with the Arts Party. Whatever; here’s some timely news for Bowen on the sainted occasion of his carbon quest renewal:

Updated data from NASA satellite instruments reveal the Earth’s polar ice caps have not receded at all since the satellite instruments began measuring the ice caps in 1979. Since the end of 2012, moreover, total polar ice extent has largely remained above the post-1979 average. The updated data contradict one of the most frequently asserted global warming claims – that global warming is causing the polar ice caps to recede.

Whatever Chris does or does not believe – and he may be as sceptical as any of us – he knows where the votes are. The biggest mistake is to believe that carbon taxes and global warming hysteria is election poison. I watch the Coalition’s climate man in action, and no sceptic he. Facts on the left are mere confetti, to be tossed in the air when you have some and ignored when you don’t.