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How Green Hysteria Will Hit Home

Clipped to the Drawing Board by Ryan

Let's call it the black box syndrome: making revolutionary changes or new products without any real handle on what has actually been created or the potential impact. No-one really knew what the risks were when the wizards of Wall Street launched the inscrutable credit products that led to the current financial bubble that is now imploding, rocking the world economy.

Now we have something akin to that bubble building in the environmental arena, in the inflated rhetoric on global warming rising inexorably from the environmental-political complex. Global warming is a fact. The great questions are not whether the environment is gradually warming but whether it will persist and if so what can or should be done about it--and at what costs.

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Wednesday 21 May, 2008 04:44 AM

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