SEEKING-RENT AT THE CLIMATE CONFERENCE

Craig Tucker of CFACT.org reports:
Friend,  Las Vegas, they say, was not built with the money of winners.  Similarly, the lush corporate pavilion at COP 22, the UN climate conference in Morocco, was not built with money from voluntary purchasers.
Climate politics already redistributes hundreds of billions of dollars through grants, subsidies, set asides, mandates and prohibitions.  Developing nations are anxious to get their hands on climate cash, but they are amateurs compared to crony capitalists.

Yesterday, CFACT toured the business displays at the COP.  Adam Houser co-ordinates CFACT Collegians, we invited him to write up his impressions of the corporate money on display.  You can follow Adam's observations at CFACT.org.

One of the definitions of corporate "rent-seeking" is seeking to obtain revenue "in excess of what is needed to keep it employed in its current use by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.  Rent-seeking implies extraction of uncompensated value from others without making any contribution to productivity."

When a corporate giant such as Germany's Siemens sets up shop at the climate conference it would like you to think it is doing so for altruistic reasons.  Nothing could be further from the truth.  They are in Morocco seeking to sell their products at prices no consumer would freely choose to pay. The same goes for the rest of the carbon carpetbaggers here at the COP.  The shameful part is that they revel in unearned moral advantage by claiming that they are here to save the Earth.

In UN climate politics business NGOs are called "BINGOs."  The name is a useful reminder that these crony capitalists come not to serve, but to win.  Corporations don't get into the climate business to change the temperature of the planet or help mitigate the harmful effects (which have yet to occur) of climate change.  They are here to fleece tax and ratepayers and put competitors at disadvantage.

In Vegas they tell you to "bet with your head not over it."  In the climate casino no one is permitted to rise from the table, go home and sober up.  Climate politics and Green business do not work without coercion.  Time to put the central planners and crony capitalists out of business and let the market find the most efficient sources of energy, goods and services again.”
 
 

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