Democracy and Technology Blog

Will green investment save us?

Share
Facebook
Twitter
googleplus Google+
arroba Email

Will green investment save us?

George Gilder writes that the campaign to reduce greenhouse gasses wastes scarce and precious technological and entrepreneurial resources indispensable to the nation’s future, in today’s Wall Street Journal. About whether green companies create new jobs, Gilder says,

In a parody of supply-side economics, advocates of [California’s] AB 32 envisage the substitution of alternative energy sources that create new revenue sources, new jobs and industries. Their economic model sees new wealth emerge from jobs dismantling the existing energy economy and replacing it with a medieval system of windmills and solar collectors. By this logic we could all get rich by razing the existing housing plant and replacing it with new-fangled tents.