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Some thoughts about policy for the aftermath of the climate wars.

May 10, 2013

Pointman's

Charles Mackay wrote in his book, Extraordinary Popular Delusions and the Madness of Crowds – “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” The book may have been written in the mid-nineteenth century, but here we are at the kick off to the twenty-first, and that mass psychology is only too familiar. Maybe Hari Seldon was on to something after all.

The global warming craze is dying down. People, as Mackay noted, are coming out of it one by one and that process is accelerating with every passing day. Governments are cutting subsidies for green technologies not only because they don’t work, but because government coffers are empty. They’re broke. The politicians no longer mention it because it no longer gets votes and indeed just attracts a baleful hostility from a…

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