Theodore Moran argues that China’s rush to “lock up” natural resources in other countries (think energy) will actually increase access for the rest of the world’s access – not decrease it. We wish the Chinese understood the point, too; it would make them better citizens in the UN Security Council. Still, nice to read somebody who understands that raw materials are fungible – one barrel of oil is pretty much like every other — and that the globalization bell cannot be unrung…
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Positive-Sum Game |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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