
As a youth I worked in the oil patch. There was this quip about someone too dumb to pour pee out of a boot even if he read the directions on the heel. So... you who can (without directions on the heel) pour pee from a boot: Why don't you get it that failing to responsibly regulate capitalism doesn't make for a free lunch? There are often costs to our environment, our health, and our pocketbooks.“For the past 150 years, industrial civilization has been dining on the energy stored in fossil fuels, and the bill has come due. Yet, we have sat around the dinner table denying that it is our bill, and doubting the credibility of the man who delivered it. The great economist John Maynard Keynes famously summarized all of economic theory in a single phrase: ‘There is no such thing as a free lunch.’ And he was right. We have experienced prosperity unmatched in human history. We have feasted to our hearts’ content. But the lunch was not free.” Naomi Oreskes and Erik M. Conway, in Merchants of Doubt
Bloomsbury Press c2010
"Scientists are finely honed specialists trained to create new knowledge, but they have little training in how to communicate to broad audiences, even less in how to defend scientific work against determined and well-financed contrarians. They often have little talent or taste for it, either."They are too confident that all they need do is present the facts, and the public will get it. Most of them avoid advocating in public for fear of being accused of being "political." Besides that--they're awful busy doing science. Newsweek columnist Sharon Begley (Mar. 29) gives us an even more obvious reason for the success of propaganda. The general public is woefully ignorant. Begley writes:
"It's a safe bet that the millions of Americans who have recently changed their minds about global warming...deciding it isn't happening or isn't due to human activities such as burning coal and oil, or isn't a serious threat didn't just spend a few days poring over climate change studies..."So who has misled them and why? Oreskes and Conway help us to understand. In addition to the corporate-funded "non-profit" think tanks which are not required to -- and often do not -- reveal their funding sources, there are those few scientists whose political ideology clearly cancels their objectivity. Most are called out in the book. One of many examples is Frederick Seitz. Seitz worked for R.J. Reynolds and the tobacco industry to deny and cast doubts on the evidence of the health hazards of smoking. But he didn't stop there. Seitz most recently played a key role in the bogus Oregon Petition Project, which still claims that over 31,000 scientists don't believe in man-caused global warming. But follow-up investigations found very few to be climate scientists or even scientists of any kind, according to sourcewatch.com. Seitz was a co-founder of the George C. Marshall Institute, currently a key player in global warming denial. George Marshall receives funding from Exxon-Mobil and American Standard, The staff includes a Koch Foundation Associate. We have previously noted denial propagandist Walter E. Williams' ties to Koch Industries and Americans For Prosperity, now sponsoring denial side shows.
"It was all of a piece," write Oreskes and Conway. "If you believed in [unregulated] capitalism, you had to attack science, because science had revealed the hazards that capitalism had brought in its wake. The biggest hazard of them all— one that could truly affect the entire planet— was just at that moment coming to public attention: global warming. Global warming would become the mother of all environmental issues, because it struck at the very root of economic activity: the use of energy."The media has not really done its job, the authors charge:
"Most people don’t understand this. If we read an article in the newspaper presenting two opposing viewpoints, we assume both have validity, and we think it would be wrong to shut one side down.... 'Balance' had become a form of bias, whereby the media coverage was biased in favor of minority -- in some cases extreme minority -- views.... As we have seen, it wasn’t just obviously right- wing outlets that reported false claims about tobacco and these other subjects; it was the 'prestige press' — indeed, the allegedly liberal press — as well. Maybe now the tide is starting to turn."Let's hope so. Unrestricted capitalism has its costs because.... No, Virginia, there is no such thing as a free lunch.














Comments (3)
Thanks again, Bob, for keeping the environmental issue on the menu.
We hear the mantra that the 'global warning' zealots are pocketing fortunes with their scare warnings. The truth is, that 'unregulated capitalism' is allowing the leading energy companies to amass fortunes at the expense of future generations that will have to live with environmental conditions brought on by the greed of today's industrial corporations and a gullible public that doesn't want to face the overwhelming evidence of what our culture is doing to our world.
Posted by Ken Poland
|
April 10, 2010 9:32 AM
Posted on April 10, 2010 09:32
John Maynard Keynes did not popularize the view that "there is no such thing as a free lunch." That was Milton Friedman.
Keynes was a strong critic of the market fundamentalism of Friedman and his ilk.
"No free lunch" applies only when all resources are being used completely and appropriately. When there is widespread unemployment and pervasive under-utilization of productive capacity, Keynes called for government intervention.
Posted by Stuart Elliott
|
April 10, 2010 8:33 PM
Posted on April 10, 2010 20:33
Thank you, Stuart, for that correction. From what I can find, there are instances of the phrase "no free lunch" appearing in the 1940's and Friedman's book of that title appeared in 1975. However, I think Oreske's point (whatever the source of the quote) remains: unregulated capitalism often has a steep price that the general public pays in one way or another, and sometimes in several ways.
Thank you, too, Ken, for your as always pertinent assessments. And of course, we the public have contributed to the problem because of our eagerness to join the consumer mentality.
Posted by Bob Hooper
|
April 10, 2010 11:03 PM
Posted on April 10, 2010 23:03